Archive · 14 Jun 2025
US Firms Hit Record Office Leasing in India, Led by GCCs
US companies are renting a lot of office space in India, more than ever before!
This is because of places called Global Capability Centres, where they do important work.
US companies have a big part of the office space market.
Bengaluru is the most popular place, but other cities like Chennai and Mumbai are also important.
It shows US companies think India is a key spot for their business, not just a place to outsource.
US firms achieved record-breaking office leasing volumes in India.
2024 saw the highest annual leasing activity recorded.
Global Capability Centres (GCCs) are the main driver for US firms' growth.
US firms held a 34.2% share of India's office market from 2022 to Q1 2025.
Bengaluru is the preferred destination for US occupier leasing activity.
- Who
- US firms
- What
- US firms achieved record-breaking office leasing volumes in India.
- When
- 2024 recorded the highest annual activity.
- Where
- India
- Why
- India's skilled talent, cost advantages and supportive ecosystem are attractive.
- Market Share (2022-Q1 2025)
- 34.2%
- Primary Growth Driver
- GCCs
- Highest Annual Activity
- 2024
- Preferred Destination
- Bengaluru
- Bengaluru Leasing Activity (2022-Q1 2025)
- 35%