ASIA PACIFIC OUTLOOK 2025

HYDERABAD

DEMAND & VACANCY

Strong occupier demand from IT-BPM, BFSI, and flexible workspace operators is expected to drive net absorption to approximately 7.0 msf in 2024. Projected net absorption for 2025 and 2026 is anticipated to remain within the range of 8.0–8.5 msf, reflecting sustained market activity. Vacancy rates are expected to rise in the coming years, driven by a substantial supply pipeline entering the market.

35.0%

2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0

FORECAST

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0 1.0

0.0%

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

NET ABSORPTION (MSF) AND VACANCY RATE (%)

Net Absorption

Vacancy Rate

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield