New-age buildings dominate India's office market: JLL

Out of the 94.3 million sq. ft net absorption in buildings delivered since 2021, 3/4th was recorded in green-certified projects

Year of Completion	Top 7 cities* Cumulative Net Absorption, million sq. ft (2021-March 2024)
Pre-2016	4.4
2017-2020	13.9
2021 Onwards	94.3
Total	112.6

Year of Completion

Top 7 cities*

Cumulative Net Absorption, million sq. ft (2021-March 2024)

Pre-2016

4.4

2017-2020

13.9

2021 Onwards

94.3

Total

112.6

Year of Completion	Four Tech Cities** Cumulative Net Absorption, million sq. ft (2021-March 2024)
Pre-2016	-4.5
2017-2020	6.6
2021 Onwards	70.01
Total	72.2

Year of Completion

Four Tech Cities**

Cumulative Net Absorption, million sq. ft (2021-March 2024)

Pre-2016

-4.5

2017-2020

6.6

2021 Onwards

70.01

Total

72.2

Year of Completion	Top 7 cities¹ Cumulative Net Absorption, million sq. ft (2021-March 2024)	Green-certified buildings Cumulative Net Absorption, million sq. ft (2021-March 2024)
Pre-2016	4.4	-1.4
2017-2020	13.9	9.7
2021 Onwards	94.3	69.9
Total	112.6	78.2

Year of Completion

Top 7 cities¹

Cumulative Net Absorption, million sq. ft (2021-March 2024)

Green-certified buildings

Cumulative Net Absorption, million sq. ft (2021-March 2024)

Pre-2016

4.4

-1.4

2017-2020

13.9

9.7

2021 Onwards

94.3

69.9

Total

112.6

78.2

New-age buildings account for 84% net absorption: JLL