Beyond the metros: Why coastal Karnataka is becoming a commercial property story worth watching

Grade-A commercial assets in Mangaluru and other coastal Karnataka cities are emerging as a growth frontier as office demand spreads beyond India's major metros.

Office leasing in Tier-2 cities nearly doubled year-on-year in FY25, while JLL reported a 43% year-on-year increase in Global Capability Centre leasing across India in Q1 2026.

India's flexible office stock reached 110–114 million square feet in March 2026, growing at roughly 23–25% per year since 2020, per CBRE and FICCI's report.

Mordor Intelligence valued the co-working market at around $4.5 billion in 2026, projecting it to nearly double by 2031.