Bengaluru and Hyderabad are emerging as global leaders in office space expansion, with projections placing them among the world’s largest office markets by 2030.
According to the latest estimates, Bengaluru’s office stock currently stands at around 225 million sq. ft and is projected to cross 330 million sq. ft by 2030. The city has witnessed a strong compound annual growth rate (CAGR) of +7.5% between 2013 and 2024, and it is expected to maintain a steady +7.0% CAGR through 2030. This surge translates into an addition of over 105 million sq. ft of office space in the next five years, strengthening Bengaluru’s position alongside New York, Washington, and London.
Hyderabad’s growth trajectory is equally impressive. From a modest base of 45 million sq. ft in 2014, the city’s office stock has risen sharply to 140 million sq. ft in 2024—an extraordinary CAGR of +12.0%. By 2030, Hyderabad’s office inventory is estimated to exceed 200 million sq. ft, reflecting a further +6.5% CAGR. This growth will add over 60 million sq. ft of fresh supply in the next five years, placing Hyderabad firmly on the global map of commercial real estate.
The data shows that both cities have already outpaced several established global office markets, including Paris, Beijing, Frankfurt, and Tokyo. By 2030, Bengaluru and Hyderabad are expected to surpass traditional hubs such as Los Angeles, London, and Boston in total office stock.
Industry experts note that India’s southern metros are benefiting from a confluence of factors—IT/ITeS growth, global capability centers (GCCs), a robust talent pool, and continued infrastructure investments. With demand from multinational corporations on the rise, Bengaluru and Hyderabad are poised to play a defining role in the global office real estate landscape.
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