2025 has etched its name in India’s commercial real estate history with office leasing hitting an all-time high of 82.6 million square feet. Global Capability Centers (GCCs) are the undisputed stars, injecting fresh momentum into the office market across the nation.
From the tech corridors of Bengaluru to the financial hubs of Mumbai, GCCs have leased premium spaces at record paces, comprising nearly half of all transactions. This demand is reshaping urban skylines, with new developments focusing on green certifications, smart tech, and collaborative workspaces.
Key drivers include India’s digital economy boom, talent pool of over 5 million STEM professionals, and proactive policies like PLI schemes attracting foreign investment. Vacancy levels have plummeted to sub-10% in top cities, spurring rental hikes of 5-10% year-on-year.
The future looks bright, with pipeline supply in cities like Chennai and Ahmedabad poised to meet escalating needs. This GCC-led renaissance positions India as the global leader in office leasing growth.