Indias Office Leasing Hits Record 48.9 Million Sq Ft In H1 2025 Driven By GCC Demand
India’s office leasing activity reached an unprecedented record high of 48.9 million square feet in the first half of 2025. This remarkable volume was primarily propelled by robust demand from Global Capability Centres (GCCs), a resurgence of interest in third-party Information Technology (IT) services, and the escalating popularity of flexible workspaces. Across major cities, large corporations are increasingly prioritizing high-quality, future-ready Grade A office spaces, indicating a strategic shift towards long-term real estate commitments aimed at fostering efficiency and growth.
Bengaluru emerged as the leading market in this leasing surge, demonstrating the highest volume of transactions and solidifying its position as a premier destination for corporate expansion. Following closely were the Delhi-National Capital Region (NCR) and Pune, which also showcased significant leasing activity, with demand consistently outpacing the availability of new supply. This sustained demand for prime office spaces across these key hubs reflects a clear “flight to quality,” as occupiers seek modern, amenity-rich environments that support evolving work models and talent attraction strategies.
The robust performance in office leasing underscores India’s growing prominence as a global business and innovation hub. This record absorption signifies strong occupier confidence and reflects deeper structural shifts, including increased digitalization and the strategic importance of Indian operations for multinational corporations. The sustained momentum is expected to continue shaping the commercial real estate landscape, driving further development and investment into Grade A assets across the nation’s burgeoning urban centers.
This strategic growth in office leasing reflects a broader confidence in India’s economic resilience and its appeal as a crucial market for global businesses. It positions the country as a dynamic destination for commercial investment, fostering innovation and contributing significantly to urban development and sustained economic expansion.
