Published On:
November 29, 2025
Updated On:
November 29, 2025
A C&W report shows Noida’s average office rent rose 18% in six years to ₹70–72 per sq ft, driven by GCCs and major infrastructure like the Noida International Airport. With Grade A+ stock at 26.6 msf and leasing projected at 4.7 msf in 2025, prime rents soared 29% to ₹110–112 per sq ft. Rents are expected to continue rising, confirming Noida’s structural shift into North India’s premier corporate destination.
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Noida has cemented its position as a dominant economic and corporate destination in North India, a transformation starkly evidenced by the recent analysis from real estate consultant Cushman & Wakefield (C&W). Their report, ‘Noida-Runway for Growth,’ highlights a sustained and robust increase in the city's office rentals, signaling deep structural changes in the market over the past six years.
Between 2019 and September 2025, the average monthly office rentals in Noida surged by a significant 18%. This upward trajectory saw the average price climb from an initial rate of ₹59–61 per square foot (sq ft) to its current level of ₹70–72 per sq ft per month. This broad-based growth reflects rising confidence and sustained corporate relocation to the region.
The market performance in prime locations was even more pronounced, revealing sharp demand for premium assets. The Central Business District (CBD), which includes key areas like Sector 16 and Film City, witnessed a massive 29% increase in monthly rents over the same period. Rents in the CBD now command ₹110–112 per sq ft, up from ₹85–87 in 2019, confirming these zones as high-value investment hubs.
The city possesses substantial market depth, crucial for absorbing future demand. Noida’s total office stock currently stands at 43.4 million sq ft. Importantly, a large proportion of this inventory—26.6 million sq ft—consists of high-quality Grade A+ assets, indicating a shift toward institutional and investment-grade developments capable of attracting major national and international firms.
Market leasing volumes underscore the strong demand. Gross office space leasing reached 3.3 million sq ft (msf) during the first nine months of 2025, with projections estimating a year-end closing figure of 4.7 msf. This demand is heavily reliant on corporate expansion, particularly from Global Capability Centres (GCCs), which contributed 1 msf to the leasing volume in the nine-month period.
The structural factors driving this growth include major infrastructure upgrades, such as the upcoming Noida International Airport, enhanced metro and expressway connectivity, a stable policy framework, and critically, a deep local talent pool in STEM (Science, Technology, Engineering, and Mathematics). C&W projects that these favorable conditions will ensure that rentals continue to rise, signalling that the city is entering a new phase of market maturity and scale across all real estate asset classes. Corporations planning long-term strategies must factor in these projected cost increases.
