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flag India’s office market saw record demand in 2025, with 61.4 million sq ft leased, driven by IT firms and global centers.

flag India’s office market hit a record 61.4 million square feet of net absorption in 2025, a 25% year-on-year increase, driven by strong demand from IT-BPM firms and Global Capability Centres, which accounted for 33% of leasing. flag Bengaluru and Delhi NCR led with 14.4 MSF and 10.9 MSF respectively, while Chennai and Delhi NCR saw growth of 187% and 82%. flag Despite 53 MSF of new supply, rising demand reduced vacancy rates by 210 basis points, with rents rising 12% to 14% in Hyderabad and Mumbai. flag Gross leasing reached a record 89 MSF, with fresh leases making up nearly 80% of activity. flag Market experts cite occupier confidence, infrastructure development, and India’s talent pool as key drivers, projecting continued growth in 2026.

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