Bengaluru, Sep 25 (NationPress) The demand for office space in India, propelled by Global Capability Centres (GCC), surged by 8 percent during the first nine months of this year, totaling 50.9 million square feet, as reported on Thursday.

Bengaluru maintained its position as the leader in transaction volumes throughout the third quarter. Meanwhile, cities like Pune, Mumbai, and Chennai experienced substantial increases in demand.

These three cities combined accounted for over half of the quarterly uptake of Grade A office spaces. Each city reported an annual growth in demand of at least 40 percent in Q3 2025, according to the findings from Colliers.

Bengaluru dominated the scene with 14 million sq. ft. of leasing, representing a 27 percent share of the overall office space demand in India.

“Despite ongoing external challenges and trade tensions, India’s office market shows remarkable resilience, surpassing the 50 million square feet milestone within the first nine months of the year,” stated Arpit Mehrotra, Managing Director of Office Services, India at Colliers.

This consistent growth has been driven by a rise in space demand from GCCs and sustained leasing activity from local businesses.

GCCs have already secured nearly 20 million sq ft in 2025 across the top seven cities, making up about 40 percent of the total office space demand.

“Looking ahead, while businesses will likely assess evolving conditions meticulously, global technology companies are expected to significantly contribute to the uptake of Grade A spaces, pushing total office space demand toward 70 million sq ft by year-end,” Mehrotra added.

New supply in the top seven office markets remained robust in Q3 2025, with completions reaching 16.6 million square feet, reflecting a 15 percent annual increase.

Pune led the charge with a nearly fourfold increase in quarterly completions at 4.6 million square feet, followed by Bengaluru and Delhi-NCR.

Conventional leasing in the first nine months of 2025 totaled 41.7 million sq ft, primarily driven by the technology and BFSI sectors.

Regarding flex space activity, Bengaluru, alongside Pune and Chennai, accounted for nearly two-thirds of the flex space demand in Q3 2025.

“Overall, the trend towards agile workplace strategies and increased adoption of flex spaces continues to rise across India, potentially comprising one-fifth of total demand in 2025,” remarked Vimal Nadar, National Director and Head of Research, Colliers India.