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India's office market hit record leasing in 2025, with demand outpacing supply and vacancy dropping to 14%-14.5%.
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.
New supply rose year-on-year, but demand outpaced completions, pushing the national vacancy rate down to 14%–14.5%.
Bengaluru led new supply, and the office space stock surpassed 1 billion square feet for the first time.
Reports project annual leasing could exceed 75 million square feet by year-end.
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El mercado de oficinas de la India alcanzó un récord de arrendamiento en 2025, con una demanda superior a la oferta y un descenso de la vacante al 14%-14.5%.