The average deal size for commercial market across leading eight markets in the country has increased by 10.24% from 37,976 sqft in 2023 to 41,867 sq ft in 2024

Metro India News | Hyderabad 

According to Knight Frank India, Hyderabad has observed the highest average deal size for office spaces across eight cities in the country at 70,535 sq ft in the year 2024. The city has recorded an increase in average deal size by 10.13% from 64,042 sqft in 2023. Hyderabad continues to experience a robust surge in demand for office spaces, further solidifying its position as a premier destination for businesses.

This demand is fuelled by a combination of factors, including the city’s exceptional quality of life which offers a balance of modern amenities and a relatively affordable living environment compared to other major cities.

Additionally, Hyderabad’s state of-the-art infrastructure, including well-connected transport networks and growing business districts, enhances its appeal to both national and international companies. 

The average deal size for commercial market across leading eight markets in the country has increased by 10.24% from 37,976 sqft in 2023 to 41,867 sq ft in 2024. The surge in average deal size is a reflection for the growing demand for higher quality office spaces with a greater occupier commitment on lease tenure and investment in the workspace during the year 2024. The highest growth in percentage terms was observed in Mumbai’s commercial market where the average deal size has expanded by 54.59% YoY in 2024.