55% office space demand in top 8 cities for 100K sq ft area: Knight Frank

Around 55 per cent of the total office demand during January-June period across eight major cities was for an area up to 1 lakh square feet while the remaining 45 per cent leasing transactions were for larger workspaces, according to Knight Frank India.

Real estate consultant Knight Frank data showed that transactions for office spaces above 1 lakh square feet stood at 15.69 million square feet during the first half of this calendar year.

"Large office space contributed 45 per cent of the overall commercial transactions across eight leading cities in the country," it added.

Office space leasing in mid-segment or spaces between 50,000 square feet and 1,00,000 square feet was recorded at 7.28 million square feet during January-June 2024, constituting 21 per cent of the total leasing transactions during this period.

The consultant's data showed that office space leasing in small office spaces or spaces below 50,000 sq ft were recorded at 11.7 million square feet, accounting for 34 per