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India’s office market surged in Q3 2025, with record leasing and rising rents driven by global tech demand.
India’s office market surged in Q3 2025, with 8.8 million sq ft leased, outpacing the broader Asia-Pacific region, where prime rents declined 1.4% annually.
Bengaluru, Delhi-NCR, and Mumbai drove demand, projected to exceed 50 million sq ft in leasing by year-end, surpassing 2024’s record.
Rents rose 4.3% year-on-year in top markets, led by Bengaluru’s 8.8% annual gain, despite nearly nine million sq ft of new supply.
Vacancy rates remained moderate.
The resilience is attributed to strong demand from global capability centers, IT services, and stable economic conditions, with Knight Frank forecasting sustained growth into 2026.
El mercado de oficinas de la India se disparó en el tercer trimestre de 2025, con un arrendamiento récord y alzas de alquileres impulsadas por la demanda global de tecnología.