India, Feb. 7 -- Driven by technology and research firms, office space absorption in Kochi, Kerala, reached 17 million sq ft by December 2024, marking a 28% increase over the past three years, according to a joint report by CBRE and CREDAI Kerala. Meanwhile, Kochi's total retail space stock has grown 9% since 2020, totalling 3.4 million sq ft as of December 2024.

In CY 2024, technology firms led the city's office leasing activity with a 44% share in the overall space take-up. In addition to technology firms, research, consulting and analytics (RCA) firms accounted for 25% of the leasing share in Kochi's office market, followed by flex space operators at 12%, the aviation sector at 11%, banking, finance and insurance (BFSI) companies at 4...