The city's investment-grade office stock surpassed 100 million square feet in 2022 and crossed 119 million square feet by the end of the Jul-Sep 2023, quarter, a significant increase of 63% from 73 million sq. ft. stock in 2019. Hyderabad stood among the top 3 cities dominating office space leasing in Jan-Sep’23 at 6.6 mn. sq. ft., with 35% y-o-y, increase. Key sectors that drove absorption included Life sciences, BFSI and technology.
