Hyderabad’s office space set to surpass 200 million square feet by 2030: CBRE Report

Hyderabad’s commercial real estate market is on a rapid growth trajectory, with the city’s total office stock expected to exceed 200 million square feet by 2030, according to the latest report by CBRE South Asia Private Limited.

The report titled ‘HYSEA Scale @ Hyderabad: Global Technology Destination’, highlights that the city currently contributes around 15% of the total office stock in the country and over 18% of its green-certified office spaces.

The report said that the momentum remained strong in 2024, with office space absorption reaching 12.3 million square feet. The technology sector continued to lead Hyderabad’s leasing activity, accounting for 31% of the total office space uptake. Life sciences firms contributed 21%, while flexible space operators secured a 14% share, indicating a broad demand across various industries.

Technology ecosystem

A key driver of Hyderabad’s real estate growth is its thriving technology ecosystem and skilled talent pool, making it a preferred hub for Global Capability Centres (GCCs). The report notes that GCC office space absorption in the city increased by over 12% between 2022 and 2024, reaching 5.3 million square feet last year, approximately 43% of the total office leasing in Hyderabad in 2024.

The city ranks second in GCC leasing nationwide, behind Bengaluru, attracting global firms from sectors, including technology, pharmaceuticals, biotechnology, and financial services. This growth is further fuelled by the adoption of advanced technologies such as artificial intelligence, cloud computing, and data analytics.

Commenting on Hyderabad’s evolution, Anshuman Magazine, Chairman and CEO, India, Southeast Asia, Middle East and Africa, CBRE, said, “Hyderabad’s robust infrastructure, diverse occupier base, and skilled talent pool position it as a critical growth center for India’s real estate landscape. 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.”