{"id":"f-ebdaa7ae0c-728a56d7-9dd4-59b5-a9e6-5648b005a6af","title":"India's Office Market Hits Record 83.3 Million Sq Ft Leasing In 2025, Global Firms Drive 58.4% Share, GCCs Lead At 37.7%","description":"","timestamp":1768707000,"category":"business","headline":"India's Office Market Hits Record 83.3 Million Sq Ft Leasing In 2025, Global Firms Drive 58.4% Share, GCCs Lead At 37.7%","modifiedHeadline":"India Office Leasing Hits Record High in 2025","subCategories":["scid_4a0451c7"],"region":"IN","fcSummary":"India's office market hit a record in 2025, with 83.3 million sq ft of gross leasing, driven by global firms and GCCs. Bengaluru, Hyderabad, Pune, and Mumbai had their best year. GCCs led with 37.7% of leasing, while tech, manufacturing, and BFSI also contributed.","summary":"India's office market soars! A record 83.3 million sq ft leased in 2023, fueled by global firms (58.4%) & GCCs leading at 37.7%.","ctaUrl":"https://trends.glance.com/newz/India_News/IN/en/freepressjournal/f-ebdaa7ae0c-728a56d7-9dd4-59b5-a9e6-5648b005a6af","sourceUrl":"https://www.freepressjournal.in/business/indias-office-market-hits-record-833-million-sq-ft-leasing-in-2025-global-firms-drive-584-share-gccs-lead-at-377/glance","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/KV0X9I0VbB80.webp","content":"

Mumbai: The year 2025 established yet another new record for the India's office market with 83.3 million square feet of gross leasing volumes for the full year, according to a report released on Tuesday.

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With global firms accounting for a robust 58.4 per cent share, India's position as a strategic business hub offering genuine structural tailwinds was reaffirmed during a period marked by global uncertainties, said the JLL report.

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The cities of Bengaluru, Hyderabad, Pune, and Mumbai recorded their best-ever year in gross leasing terms, showcasing broad-based and secular demand across multiple industry segments. According to the report, gross leasing in other cities was also higher year-over-year or at near-similar levels compared to the previous year. This strongly indicates demand dispersion as occupier strategies evolve in a dynamic environment.

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Global Capability Centres (GCCs) established themselves as the dominant force in India's office leasing market in 2025, capturing a commanding 37.7 per cent share of gross leasing activity and achieving record-breaking 31 million square feet of space absorption — the highest annual figure ever recorded for this segment. “This exceptional performance was complemented by the Flex segment reaching unprecedented heights with a 26.6 per cent share in Q4 2025, marking its highest quarterly contribution to date,” said Rahul Arora, Head-Office Leasing and Retail Services, Senior Managing Director (Karnataka, Kerala), India, JLL.

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Tech maintained its position as the full-year leader with 25.8 per cent of total leasing volumes, while Manufacturing/Industrial (15.4 per cent) and BFSI (15.2 per cent) segments demonstrated nearly equal market participation. Bengaluru remained the undisputed destination for global firms, strongly displaying its leadership status with a 29.0 per cent share in gross leasing for 2025.

It was followed by Delhi-NCR with a 20.9 per cent share and Mumbai and Hyderabad following with near-identical shares of 14 per cent each, said the report. “With this momentum and our strong deal pipeline, India's leasing volumes are well-positioned to potentially reach the 100 million sq. ft milestone within the next two years,” said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.

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Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.

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India's Office Market Hits Record 83.3 Million Sq Ft Leasing In 2025, Global Firms Drive 58.4% Share, GCCs Lead At 37.7%

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