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AI to reshape India's office space demand, workforce seen at 48 million by 2030: Report

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AI to reshape India's office space demand, workforce seen at 48 million by 2030: Report

Business News Tech AI AI to reshape India's office space demand, workforce seen at 48 million by 2030: Report

AI to reshape India's office space demand, workforce seen at 48 million by 2030: Report

AI is expected to change the nature of India's office space demand rather than reduce it, with the country's office-using workforce projected to grow from around 38 million in 2025 to 48 million by 2030, according to a study by Cushman & Wakefield.

Artificial intelligence (AI) is expected to change the nature of India's office space demand rather than reduce it, with the country's office-using workforce projected to grow from around 38 million in 2025 to 48 million by 2030, according to a study by Cushman & Wakefield. The study said continued expansion of office-based services and Global Capability Centres (GCCs), along with their shift towards higher-value activities, would support demand for commercial office space even as AI automates routine tasks. Under its baseline scenario, which carries a 50% probability, office-using employment is projected to increase by nearly 9 million between 2025 and 2030, adding around 1.8 million workers annually.

The report said GCCs would remain a key driver of office demand as their operations increasingly move towards research and development, product engineering and analytics. This shift is also expected to increase demand for high-quality, well-located and adaptable office spaces. "AI will undoubtedly change the nature of work and the skills businesses require, but that does not necessarily translate into lower office demand," said Anshul Jain, Chief Executive - India, SEA, MEA and APAC Office and Retail at Cushman & Wakefield.


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