Archive · 13 Jan 2026
India's Office Market Hits Record High in 2025
In 2025, India's office market reached a new record with 83.3 million square feet of leasing.
Global companies were a big part of this, making up 58.4% of the leasing.
Cities like Bengaluru, Hyderabad, Pune, and Mumbai had their best year ever.
Global Capability Centres (GCCs) were a major force, taking up 37.7% of the space.
The tech sector led in leasing, followed by manufacturing and banking.
Bengaluru was the top city for leasing, with Delhi-NCR, Mumbai, and Hyderabad also doing well.
Experts think India could reach 100 million square feet of leasing in the next two years.
India's office market hit a record 83.3 million square feet of gross leasing in 2025.
Global firms accounted for 58.4% of the leasing share, reaffirming India's strategic business hub status.
Bengaluru, Hyderabad, Pune, and Mumbai recorded their best-ever year in gross leasing.
GCCs dominated the office leasing market with a 37.7% share and 31 million square feet of space absorption.
The tech sector led in leasing with a 25.8% share, followed by manufacturing/industrial and BFSI segments.
- Who
- Global firms and various industry segments
- What
- Record-high office leasing volumes in India
- When
- 2025
- Where
- India, with top cities being Bengaluru, Hyderabad, Pune, and Mumbai
- Why
- India's strategic business hub status and structural tailwinds
- Gross Leasing Volumes 2025
- 83.3 million square feet
- Global Firms Share
- 58.4%
- Top Cities for Leasing
- Bengaluru, Hyderabad, Pune, Mumbai
- GCCs Share of Leasing
- 37.7%
- GCCs Space Absorption
- 31 million square feet
- Flex Segment Share Q4 2025
- 26.6%
- Tech Sector Leasing Share
- 25.8%
- Manufacturing/Industrial Leasing Share
- 15.4%
- BFSI Leasing Share
- 15.2%
- Bengaluru Leasing Share
- 29.0%
- Delhi-NCR Leasing Share
- 20.9%
- Mumbai Leasing Share
- 14.0%
- Hyderabad Leasing Share
- 14.0%