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India’s office market saw record demand in 2025, with 61.4 million sq ft leased, driven by IT firms and global centers.
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.
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%.
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.
Gross leasing reached a record 89 MSF, with fresh leases making up nearly 80% of activity.
Market experts cite occupier confidence, infrastructure development, and India’s talent pool as key drivers, projecting continued growth in 2026.
El mercado de oficinas de la India registró una demanda récord en 2025, con 61.4 millones de pies cuadrados arrendados, impulsados por firmas de TI y centros globales.