India's Office Space: A Historic Low in Vacancy Rates

Headline: India’s Office Space: A Historic Low in Vacancy Rates

A new report by ICRA paints a picture of a robust Indian commercial real estate market. Vacancy rates, already at record lows, are set to decline further.

The report reveals a significant drop in vacancy rates from 15.5 per cent in March 2024 to 13.9 per cent in March 2025.

This positive trend is expected to continue, with projections indicating a further fall to 13.0-13.5 per cent by March 2026.

The consistently strong demand and robust market fundamentals underpin this optimistic outlook.

This tightening of the office space market suggests a booming Indian economy and increased corporate activity. The implications for rental rates and future investment decisions in the sector are significant and warrant close monitoring.

Karanveer Sharma

A dedicated journalist and legal expert with a passion for uncovering the truth and advocating for justice. With hands-on experience in investigative journalism, legal research, and case analysis, I possess a strong ability to break down complex legal and societal issues into clear, impactful narratives. My work is driven by a commitment to transparency, integrity, and empowering people with accurate, insightful information.