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flag India's office market hit record leasing in 2025, with demand outpacing supply and vacancy dropping to 14%-14.5%.

flag India's office market saw record leasing activity in the first nine months of 2025, with over 56 million to 67 million square feet absorbed across major cities, driven by Global Capability Centres, tech firms, BFSI, and flexible workspace providers. flag New supply rose year-on-year, but demand outpaced completions, pushing the national vacancy rate down to 14%–14.5%. flag Bengaluru led new supply, and the office space stock surpassed 1 billion square feet for the first time. flag Reports project annual leasing could exceed 75 million square feet by year-end.

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