CBRE South Asia Private Ltd, a real estate consulting firm, has forecasted that the Hyderabad’s office stock will cross 200 million sq ft by 2030 from the present level of 137 million sq ft. The city’s office space is projected to witness 1.5x growth over the next five years, reflecting its sustained appeal to businesses.
CBRE, in association with the Hyderabad Software Enterprises Association (HYSEA), has released a report HYSEA Scale @ Hyderabad: Global Technology Destination, presenting the growing landscape of real estate sector in the city.
Hyderabad currently contributes to about 15 per cent of the total office space and accounts for over 18 per cent of the green-certified office stock in the country. Driven by robust demand for office spaces by multinational firms, the city’s office stock has more than tripled since 2014 to about 137 m sq ft as of December 2024, according to the report. The year 2024 saw an absorption of 12.3 million sq. ft.
Global Capability Centres (GCCs) absorption in Hyderabad grew by over 12 per cent from 2022 to 2024, reaching 5.3 million sq. ft. in 2024, accounting for nearly 43 per cent of the total office space taken up in the city last year.
Hyderabad is ranked second in GCC leasing in India, after Bengaluru and continues to attract global corporations across industries such as technology, pharmaceuticals, biotechnology, and financial services.
With an extensive presence of leading players, the technology sector led Hyderabad’s office leasing activity with the highest share at 31 per cent In recent years, the city has witnessed diversification in its occupier base.
Various other sectors, including flexible space operators, life sciences firms, and consulting companies, have increasingly turned to Hyderabad for their office space needs.
“In 2024, life sciences firms had an office leasing share of 21 per cent , and flexible space operators share stood at 14 per cent in overall office leasing, showcasing a diverse demand across industries,” the report said.
The adoption of advanced technologies like AI, cloud computing, and data analytics further fuels this growth, backed by Hyderabad’s robust infrastructure and talent ecosystem.
“With its strong IT/ITeS ecosystem, Hyderabad will continue to remain a top choice for GCCs across technology, BFSI, and life sciences, driving office space demand,” Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE, said.
