Is India's Office Market Achieving New Heights in 2025 with Global Firms Holding 58.4% Share?
Synopsis
India's office market is set to soar in 2025, achieving record gross leasing volumes of 83.3 million square feet. Global firms dominate, holding 58.4% of the market share. Key cities like Bengaluru and Hyderabad showcase unprecedented demand, leading to a promising future for India's real estate landscape.
Key Takeaways
Record gross leasing volume: 83.3 million square feet in 2025.
Global firms' share: 58.4% in India's office market.
Leading cities: Bengaluru, Hyderabad, Pune, and Mumbai.
Global Capability Centres: 37.7% share with record absorption.
Future projections: Potentially reaching 100 million sq. ft in two years.
Mumbai, Jan 13 (NationPress) The year 2025 marked a significant milestone for India's office market, achieving a staggering 83.3 million square feet in gross leasing volumes, as revealed by a report published on Tuesday.
Global companies represented a substantial 58.4 percent of this share, reinforcing India's status as a strategic business center amidst global uncertainties, according to the JLL report.
The cities of Bengaluru, Hyderabad, Pune, and Mumbai recorded their highest gross leasing figures to date, reflecting broad-based and consistent demand across various industry sectors.
Additionally, gross leasing in other cities saw increases year-over-year or maintained similar levels compared to the previous year, indicating a strong dispersion of demand as occupier strategies adapt to changing conditions.
Global Capability Centres (GCCs) emerged as a key player in India's office leasing sector in 2025, securing a remarkable 37.7 percent of gross leasing activities and absorbing a record 31 million square feet of space — an all-time high for this segment.
“This outstanding performance was further supported by the Flex segment, which achieved an unprecedented 26.6 percent share in Q4 2025, its highest quarterly contribution to date,” stated Rahul Arora, Head of Office Leasing and Retail Services, Senior Managing Director (Karnataka, Kerala), India, JLL.
The Tech sector maintained its lead for the full year, accounting for 25.8 percent of total leasing volumes, while the Manufacturing/Industrial and BFSI segments were nearly equal at 15.4 percent and 15.2 percent, respectively.
Bengaluru solidified its position as the preferred location for global firms, capturing 29.0 percent of the gross leasing for 2025, followed by Delhi-NCR with 20.9 percent, and both Mumbai and Hyderabad with nearly identical shares of 14 percent each, as detailed in the report.
“With this momentum and our robust deal pipeline, India's leasing volumes are on track to potentially hit the 100 million sq. ft mark within the next two years,” remarked Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.
Point of View
I observe that India's office market is undergoing a transformative phase, driven by both local and global dynamics. The impressive growth in leasing volumes reflects a resilient economy and strategic positioning amidst global challenges. This trend is not only promising for investors but also indicates strong job creation and economic development in the coming years.
NationPress
20 Jun 2026
Frequently Asked Questions
What was the gross leasing volume for India's office market in 2025?
The gross leasing volume for India's office market in 2025 reached 83.3 million square feet.
What percentage of the office market is accounted for by global firms?
Global firms accounted for 58.4% of the office market share in 2025.
Which cities performed the best in gross leasing in 2025?
Bengaluru, Hyderabad, Pune, and Mumbai recorded their best-ever gross leasing performance in 2025.
What is the significance of Global Capability Centres in leasing?
Global Capability Centres captured 37.7% of gross leasing activity, with a record absorption of 31 million square feet.
What are the projections for India's leasing volumes in the coming years?
India's leasing volumes are expected to potentially reach 100 million square feet within the next two years.
