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flag India’s office leasing hit a record 59.6 million sq ft in Jan–Sep 2025, led by tech firms and global capability centers.

flag India’s office leasing market hit a record 59.6 million square feet absorbed from January to September 2025, driven by technology firms and global capability centers (GCCs), which accounted for nearly 40% of demand. flag Bengaluru led with 15.1 million square feet, followed by Mumbai and Delhi-NCR. flag GCC activity was concentrated in Bengaluru, Pune, and Delhi-NCR, which together captured 67% of take-up. flag Flexible space operators and financial services made up about 60% of leasing. flag A 10% year-on-year rise in supply, led by Pune, Bengaluru, and Delhi-NCR, met strong demand for high-quality spaces, pushing vacancy compression and spurring interest in peripheral areas. flag CBRE expects GCCs to remain a key driver, accounting for 35-40% of demand in 2025, with growing participation from EMEA and APAC firms.

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