Global Capability Centres (GCCs) are expected to drive 35-40% of India’s office demand in 2025, making up over 55% of large office deals in the first nine months of the year. According to a CBRE report, office leasing is expected to surpass 80 million sq. ft. in 2025, with 60 million sq. ft. already recorded between January and September.
Resilient demand fundamentals are expected to support sustained leasing momentum in 2026, led by portfolio expansion, workplace reconfiguration, and a continued shift toward premium, future-ready assets. There’s a growing focus on sustainability among occupiers, with the majority of tenants having already defined their ESG goals. During the year, occupiers continued to invest in collaborative and innovation-focussed workspaces, fuelling the demand for high-quality, tech-enabled, and experience-driven environments.
Around 84% of new supply delivered in the period was green-certified, and 77% of leasing occurred in such projects. Sectorally, office space leasing remained broad-based, led by technology firms and supported by flex operators, BFSI, engineering, and manufacturing. The Industrial & Logistics (I&L) leasing recorded steady growth, led by third-party logistics (3PL) players and e-commerce firms, with Delhi NCR, Bengaluru, and Hyderabad together accounting for nearly 60% of space take-up.
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