Gurugram has crossed the 100 million square feet milestone in total office stock in 2025, cementing its position as the largest office market in North India, according to a report released on Thursday, 23 July by commercial real estate services firm CBRE. The city is now projected to expand its office stock to approximately 120–125 million square feet by 2030, driven by demand for sustainable assets, institutional-grade developments, and health-and-wellness-focused workplace designs.

Five Years of Sustained Growth

The 100 million square feet threshold was reached after a five-year run in which Gurugram leased 40 million square feet of office space and added 21 million square feet of fresh supply between 2021 and Q1 2026. This pace of absorption and new construction places the city among the fastest-growing major office markets in India. Notably, this growth has not been driven by volume alone — the structural shift toward quality has been equally pronounced.

Quality and Green Credentials

Of the total 100 million square feet, approximately 59 million square feet are green-certified, and around 35 million square feet are institutionally owned. The city accounts for roughly 6 per cent of India's entire REIT stock — a significant share for a single urban market. The concentration of institutionally owned, sustainability-rated assets signals a maturing market that is increasingly attractive to global capital.

International Occupiers and Investment Inflows

International occupiers leased over 17 million square feet in Gurugram over the last five years, reflecting sustained global confidence in the city's commercial real estate fundamentals. The city attracted nearly $6 billion in investment inflows between 2018 and Q1 2026, with close to 70 per cent of deals valued above $100 million — indicating large-ticket institutional appetite rather than fragmented retail investment.

Foreign and domestic corporates are increasingly setting up large-format campuses in the city. Foreign universities are also establishing a presence within Grade A tech parks, and the Development Management Agreement (DMA) model is enabling capital-light, institutional-quality development at scale.

What Industry Leaders Said

Anshuman Magazine, Chairman and CEO — India, South-East Asia, Middle East and North Africa, CBRE, attributed the milestone to decades of consistent effort. 'Gurugram's evolution from an industrial satellite town into a 100-million-square-foot office market reflects four decades of sustained infrastructure investment, policy support, and developer confidence. Not just scale, the city stands out in terms of quality of the real estate as well,' he said.

Magazine added that institutional ownership, green-certified assets, and strong interest from international occupiers continue to deepen, 'positioning Gurugram among the most mature office markets in the country.'

What Comes Next

With the 2030 projection of 120–125 million square feet, Gurugram is on course to add another 20–25 million square feet over the next four years — roughly equivalent to the new supply it absorbed in the previous five. The trajectory will hinge on sustained global occupier demand, continued REIT-driven institutional participation, and the city's ability to scale green-certified infrastructure in step with overall supply growth.