India’s office leasing touched a historic 59.6 million square feet in the first nine months of 2025, according to a CBRE South Asia report.
Bengaluru led with 25% of total leasing at 15.1 million sq. ft followed by Mumbai (10.6 million sq. ft.) and Delhi-NCR (10.2 million sq. ft.). Together, these cities accounted for about 61% of the total space absorbed.
Technology firms dominated leasing activity, followed by flexible space operators and financial services, which together formed nearly 60% of demand.
Global Capability Centres (GCCs) contributed around 39% of total leasing, mainly in Bengaluru, Pune, Hyderabad and Delhi-NCR.
Experts noted that the strong demand for premium, future ready office spaces is expected to reduce vacancy rates further.
Office supply also rose 10% year on year to 41 million sq. ft led by Pune, Bengaluru and Delhi-NCR. CBRE predicts GCCs will continue to drive 35–40% of total leasing through 2025.
