{
  "id": 2358881,
  "title": "India’s office market set for sustained growth as 77% of firms plan to expand: Report",
  "url": "https://urgent.news/2026/08/21/indias-office-market-set-for-sustained-growth-as-77-of-firms-plan-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T09:49:18.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/real-estate/news/indias-office-market-set-for-sustained-growth-as-77-of-firms-plan-to-expand-report/articleshow/133400084.cms"
  },
  "original_language": "en",
  "account": "India's office market is poised for sustained growth as 77% of businesses plan to expand their office portfolios in the coming years, according to CBRE's 2026 India Office Occupier Survey. The survey, which polled over 200 chief executives and owners, found that a significant expansion in office space is being driven by sustained business growth, the proliferation of Global Capability Centres (GCCs), and heightened demand from technology, banking, financial services, and insurance (BFSI) firms, as well as engineering and manufacturing companies.\n\nCompanies are increasingly seeking high-quality, well-connected workplaces and are incorporating artificial intelligence (AI) into their real estate strategies. While 93% of respondents indicated their organizations were at various stages of AI adoption, 57% reported that AI had yet to impact their leasing strategy. However, changing dynamics in AI automation are expected to be the top factor influencing leasing decisions within the next 12-24 months.\n\nExpanding office footprints is a priority for many firms, with 30% planning to significantly increase their office presence over the next two years. Tier-II and Tier-III cities are also attracting sizable office requirements, with 65% of occupiers considering these locations citing access to emerging talent pools as a key consideration. Many firms prefer established core micro-markets for their mature infrastructure and available talent.\n\nAI is significantly influencing office space planning, with 57% of companies stating that AI has not yet had a measurable impact on their leasing strategies. Other key factors shaping office location decisions include commute infrastructure (prioritized by 70% of occupiers) and traffic congestion, which is seen as a threat to operations and employee experience (identified by 95% of respondents).\n\nThe survey suggests that India's office market is moving towards an \"adaptive\" workplace model, characterized by office expansion, flexible workspaces, AI-enabled infrastructure, and a focus on employee accessibility. This shift towards a more flexible and adaptive model is expected to drive corporate real estate strategies in the coming years.",
  "summary": "India's office market is set for expansion over the next two years. Companies anticipate growth and seek high-quality, well-connected workplaces. Global Capability Centres and business expansion will support this office demand. Artificial intelligence is increasingly influencing future leasing decisions and strategies. Flexible workspaces and commute connectivity will shape office location…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}