Latest news with #OfficeServices
Hans India
3 days ago
- Business
- Hans India
India ranks among world's top 10 tech markets in 2025, leads on talent availability
Bengaluru: India ranks among world's top 10 tech markets in 2025, particularly standing out in terms of talent availability, with its top six cities making the top 10 list for tech talent acquisition in the Asia-Pacific region, a report showed on Thursday. The Asia Pacific region is gaining momentum as a global tech talent hub, being home to three of the world's top 10 locations – Bengaluru in India, Tokyo in Japan and Beijing in China, said the report from Colliers. 'India is a powerhouse of tech talent and a key player in the global innovation ecosystem, supported by availability of skilled talent and employment opportunities across Tier I as well as emerging cities of the country,' said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Leading tech cities in India account for 69 per cent of the total tech talent in the Asia Pacific region. Bengaluru and Hyderabad, which host the region's largest talent clusters, continue to lead tech leasing activity, together driving nearly 50 per cent of the conventional office space uptake in H1 2025. 'With the availability of high-quality office space, robust IT infrastructure, and cost competitiveness, India's office markets will continue to feature prominently among the top destinations for technology-led global economic expansion,' Mehrotra added. The report examined more than 200 global markets based on their talent acquisition, venture capital (VC) funding, labour index, talent pipeline and sector composition. India ranks among the top destinations for tech talent both in the Asia Pacific as well as globally. Bengaluru and Hyderabad continue to remain preferred tech destinations in India, followed closely by other major markets, all of which attract global tech companies with skilled talent availability and a mature tech ecosystem, the report found. Occupiers in the technology sector remain a cornerstone of office space demand across India's top seven cities, driving Grade A space uptake in both conventional and flex spaces over the past years. During H1 2025, tech occupiers leased over 10 million square feet of office space across the top seven cities, driving 40 per cent of the conventional space demand. Within flex spaces too, nearly half of the demand came from technology firms. Global Capability Centres (GCCs) -- particularly those in the technology space -- continue to drive India's commercial real estate momentum. With a strong focus on innovation, scalability, and cost efficiency, India has firmly established itself as a global hub for GCC expansion, especially across its top office markets. 'India remains a preferred destination for global companies, particularly in the technology sector, with GCCs steadily evolving from traditional back-office functions to strategic innovation hubs. In H1 2025, tech occupiers accounted for 41 per cent of total GCC leasing at 5.2 million sq ft.
The Wire
6 days ago
- Business
- The Wire
India, China & Japan rank amongst worlds top 10 tech markets in 2025: Colliers
• 6 Indian markets feature in the top 10 list for tech talent acquisition across the APAC region • Tech sector continues to dominate office leasing across top markets in India • Bengaluru & Hyderabad continue to drive ~50% of Tech leasing in India BENGALURU, India, July 10, 2025 /PRNewswire/ -- The Asia Pacific region is gaining momentum as a global tech talent hub, being home to three of the world's top 10 locations – Beijing in China, Bengaluru in India and Tokyo in Japan. A new report from Colliers, Global Tech Markets: Top Talent Locations 2025, examines more than 200 global markets based on their talent acquisition, venture capital (VC) funding, labour index, talent pipeline and sector composition. India and China continue to dominate the global technology talent landscape, with India ranking among the top destinations for tech talent both in the Asia Pacific as well as globally. India particularly stands out in terms of talent availability, with its top six cities making the top 10 list for tech talent acquisition in the APAC region. Occupiers in the technology sector remain a cornerstone of office space demand across India's top seven cities, driving Grade A space uptake in both conventional and flex spaces over the past years. During H1 2025, Tech occupiers leased over 10 million sq ft of office space across the top 7 cities, driving 40% of the conventional space demand. Within flex spaces too, nearly half of the demand came from Technology firms. The Tech sector dominance is driven by India's deep talent ecosystem, established IT infrastructure, and lower operational & talent costs, making it an ideal hub for global technology firms. Bengaluru and Hyderabad continue to remain preferred tech destinations in India, followed closely by other major markets, all of which attract global tech companies with skilled talent availability and a mature tech ecosystem. "India is a powerhouse of tech talent and a key player in the global innovation ecosystem, supported by availability of skilled talent and employment opportunities across Tier I as well as emerging cities of the country. Leading tech cities in India account for 69% of the total tech talent in the Asia Pacific region. Bengaluru and Hyderabad, which host the region's largest talent clusters, continue to lead tech leasing activity, together driving nearly 50% of the conventional office space uptake in H1 2025. With the availability of high-quality office space, robust IT infrastructure, and cost competitiveness, India's office markets will continue to feature prominently among the top destinations for technology-led global economic expansion," said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Trends in leasing by Technology sector during 2021-H1 2025 2021 2022 2023 2024 H1 2025 Office gross leasing - Pan India (msf) 33.0 50.3 58.2 67.2 33.7 Office gross leasing - Conventional space (msf) 28.2 43.3 49.5 54.5 27.2 Office gross leasing – Flex spaces (msf) 4.8 7.0 8.7 12.7 6.5 Office gross leasing by Technology sector (conventional space) (msf) 13.2 17.0 14.3 16.6 10.8 Share of Technology in conventional leasing (%) 47 % 39 % 29 % 30 % 40 % Source: Colliers Data pertains to Grade A buildings only. Data pertains to top 7 cities – Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune. | Kolkata data not available for 2021-23 period Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. Global Capability Centers (GCCs)—particularly those in the technology space—continue to drive India's commercial real estate momentum. With a strong focus on innovation, scalability, and cost efficiency, India has firmly established itself as a global hub for GCC expansion, especially across its top office markets. "India remains a preferred destination for global companies, particularly in the Technology sector, with GCCs steadily evolving from traditional back-office functions to strategic innovation hubs. In H1 2025, tech occupiers accounted for 41% of total GCC leasing at 5.2 million sq ft. Interestingly, Bengaluru, Delhi-NCR, and Hyderabad collectively contributed over 85% of this demand. As global firms continue to scale-up and evolve, tech GCCs are poised to drive office space demand in India, led by cost arbitrage as compared to global counterparts," said Vimal Nadar, National Director and Head of Research, Colliers India. Other key findings of the report include: • As a global leader in venture capital deal growth, Asia Pacific accounts for all the world's top 10 markets, with China driving the surge in funding. • India dominates talent acquisition, comprising six of the region's top 10 cities for tech hiring. Singapore is the only non-Indian market in the top five. Other notable markets are Taipei, Sydney and Melbourne for talent density. • Tokyo, Seoul and Australia are rising powerhouses. Tokyo ranks third regionally for sector composition and venture capital funding, with Seoul coming in fourth. Sydney, followed by Melbourne, leads the region's overall productivity. "Asia Pacific is drawing significant global attention for its unmatched tech talent density and strong venture capital momentum, particularly in India and China. Bengaluru boasts the world's largest pool of data scientists, while Beijing leads the region in tech sector productivity. Meanwhile, cities such as Tokyo, Seoul, Sydney and Singapore are emerging as world-class innovation hubs. These markets aren't just supporting global tech expansion – they're leading it," said Mike Davis, Managing Director, Office services, Asia Pacific, Colliers. Globally, the number of new job postings that require expertise in AI has skyrocketed while traditional IT job listings have fallen. Data scientists and cybersecurity professionals are particularly in hot demand, making cities like Bengaluru, which has a high concentration of that talent, especially attractive to talent seekers. The report also reveals that the technology workforce is getting younger. In fact, between 2014 and 2022, workers under 25 years of age increased by 9% across the sector – a growth rate of more than 20 times the all-industry average. This is driving focus towards cities with younger talent pools like Bengaluru, Hyderabad and Jakarta. To read the full report, CLICK HERE Media Contact: Sukanya Dasgupta. National Director, Marketing & Communications| India 91 9811867682 About Colliers Colliers (NASDAQ: CIGI) (TSX: CIGI) is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. With annual revenues exceeding $4.5 billion and $99 billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of our clients, investors and people. Learn more at Twitter @Colliers or LinkedIn. Logo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
India Gazette
6 days ago
- Business
- India Gazette
Technology firms drive nearly half of flex space demand in first half of 2025
New Delhi [India], July 10 (ANI): Technology companies remained the biggest occupiers in India's flexible workspace segment during the first half of 2025, contributing to nearly 50 per cent of total demand, as firms continued to prioritise agility and talent access in a hybrid work environment. Flexible office spaces offer employees a range of options and work environments. Unlike traditional offices with fixed and assigned desk positions, workers in a flexible office space can choose the area of the office that best suits the type of work they need to do at that moment. Occupiers in the technology sector remain a cornerstone of office space demand across India's top seven cities, driving Grade A space uptake in both conventional and flex spaces over the past years, said real estate consultancy firm Colliers. During H1 2025, Tech occupiers leased over 10 million square feet of office space across the top 7 cities, driving 40 per cent of the conventional space demand, the report added. Bengaluru and Hyderabad, which host India's largest talent clusters, continue to lead tech leasing activity, together driving nearly 50 per cent of the conventional office space uptake in H1 2025. The Tech sector dominance is driven by India's deep talent ecosystem, established IT infrastructure, and lower operational & talent costs, making it an ideal hub for global technology firms. 'India is a powerhouse of tech talent and a key player in the global innovation ecosystem, supported by availability of skilled talent and employment opportunities across Tier I as well as emerging cities of the country,' said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. 'Leading tech cities in India account for 69 per cent of the total tech talent in the Asia Pacific region. Bengaluru and Hyderabad, which host the region's largest talent clusters, continue to lead tech leasing activity, together driving nearly 50% of the conventional office space uptake in H1 2025,' Mehrotra added. He further added that With the availability of high-quality office space, robust IT infrastructure, and cost competitiveness, India's office markets will continue to feature prominently among the top destinations for technology-led global economic expansion. The Global Tech Markets: Top Talent Locations 2025 report which examined more than 200 global markets added that Asia Pacific region is gaining momentum as a global tech talent hub, being home to three of the world's top 10 locations - Beijing in China, Bengaluru in India and Tokyo in Japan. India and China continue to dominate the global technology talent landscape, with India ranking among the top destinations for tech talent both in the Asia Pacific as well as globally. India particularly stands out in terms of talent availability, with its top six cities making the top 10 list for tech talent acquisition in the APAC region, the report added. Global Capability Centers (GCCs)--particularly those in the technology space--continue to drive India's commercial real estate momentum. India has firmly established itself as a global hub for GCC expansion, especially across its top office markets, with a strong focus on innovation, scalability, and cost efficiency, the report added. (ANI)
&w=3840&q=100)
Business Standard
26-06-2025
- Business
- Business Standard
Grade A office leasing in Q2 CY25 up 11% across top 7 cities: Colliers
Gross grade A office leasing across the top seven Indian cities in Q2 CY25 grew by 11 per cent year on year (YoY) to 17.8 million square feet (msf), according to a report by Colliers. The growth is said to be due to rising occupier confidence, particularly from flex space operators and firms across sectors like technology, BFSI, and engineering and manufacturing, despite ongoing global uncertainties. In Q2 CY25, five out of the top seven office markets in India witnessed growth in grade A space uptake on an annual basis. Bengaluru led leasing activity with a 27 per cent share at 4.8 msf, but growth remained flat. Hyderabad, Mumbai, and Chennai each recorded over 2.5 msf of leasing in the quarter. However, space uptake in Mumbai declined by 20 per cent YoY. "The robust performance in the first half—with demand reaching 33.7 msf, a 13 per cent year-on-year increase—signals sustained occupier confidence and strong market fundamentals. Backed by a diversifying occupier base, a steady supply pipeline and growing investor appetite, 2025 is shaping up to be another impressive year for commercial real estate in India. Overall, office space demand looks well placed to reach 65–70 msf at least by the end of the year," said Arpit Mehrotra, Managing Director, Office Services, India, Colliers. Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of intent has been signed. Meanwhile, overall supply during the quarter grew by 11 per cent YoY to 14.9 msf. However, cities including Delhi NCR, Mumbai, Kolkata, and Hyderabad recorded a decline on a YoY basis. Of the total 17.8 msf of leasing in Q2 CY25, leasing by flex space operators stood at 4.3 msf. Conventional leasing remained at 13.5 msf, led primarily by the technology and BFSI sectors. Technology firms alone accounted for 6.4 msf space uptake—a 42 per cent YoY growth, driven largely by Global Capability Centre (GCC) expansion. Amal Mishra, Founder and Chief Executive Officer, Urban Vault, said, 'Despite the global uncertainty, the demand for office space continues to gain momentum, driven by competitive operating costs and the growing availability of build-to-suit facilities. This rising demand is not limited to start-ups or small enterprises; large corporations and GCCs are also actively seeking flexible and customised workspaces.' Additionally, the overall vacancy level remained almost stable at 16.2 per cent amid relocations and churns. However, Pune and Hyderabad, with significant completions in Q2 CY25, were at relatively higher vacancy levels.
