India’s Office Market Hits Top Gear

News Source: economictimes.com

India’s office market is on track for a record-breaking year, with 48.9 million sq ft of space leased in the first half of 2025—the highest-ever half-yearly volume.

This is driven by sustained demand from Global Capability Centres (GCCs), a revival in third-party IT services, and continued expansion of flexible workspaces, as shown by data from Knight Frank India.

Large enterprises have focused on securing future-ready, Grade A office spaces to support long-term operations. Bengaluru accounted for the largest share of leasing, followed by NCR and Pune. Vacancy levels are falling as demand outpaces new supply, while rental values have risen across key markets. The momentum signals continued occupier confidence and positions India’s commercial office sector for further growth in the second half of the year.