Archive · 10 Nov 2025
Nine Indian Emerging Markets See Growth in Office Space, Driving Corporate Migration
Imagine big cities like Mumbai and Delhi are super crowded and expensive for businesses.
Now, there are nine smaller cities in India that are becoming really attractive for companies to move to.
These cities, like Jaipur and Coimbatore, now have lots of modern office buildings and warehouses, making them great places to set up shop.
They have good transportation, like new highways and airports, and lots of smart people looking for jobs.
Companies are moving to these places because it saves them money, and people tend to stay in their jobs longer.
This is like a big reshuffling of where businesses choose to grow in India.
Nine emerging markets in India now collectively possess 70 million square feet of Grade A office space.
These cities also offer 80 million square feet of logistics infrastructure, driving corporate migration from metros.
Cities like Jaipur and Lucknow are attracting IT and defense manufacturing, respectively, with improved infrastructure.
Coimbatore is noted for its manufacturing and IT output, while Kochi offers unique connectivity advantages.
Companies can achieve 20-35% cost savings and 15% lower attrition rates by relocating to these emerging markets.
- Who
- Nine emerging markets in India (including Jaipur, Lucknow, Coimbatore, Kochi, Bhubaneswar, Guwahati) and corporations
- What
- Commanding significant Grade A office space and logistics infrastructure, attracting corporate migration beyond major metros
- When
- Report released on Monday; data reflects current market conditions and future projections over the next 3-4 years
- Where
- Nine emerging markets across India, moving beyond traditional metropolitan centers
- Why
- Quantifiable advantages such as cost savings, lower attrition rates, improved connectivity, and robust talent pools are driving this shift
- Emerging Markets Included
- Jaipur, Lucknow, Coimbatore, Kochi, Bhubaneswar, Guwahati, among nine
- Total Grade A Office Space
- 70 million square feet
- Total Logistics Infrastructure
- 80 million square feet
- Combined Economy of Emerging Markets
- Nearly Rs 10 lakh crore
- Potential Cost Savings for Occupiers
- 20-35%
- Potential Lower Attrition Rates
- 15%