Prime Highlights:
- Global companies were the main drivers of India’s office market in 2025, leasing 58% of total office space across major cities.
- Bengaluru remained the top choice for foreign firms, while co-working and flexible offices saw rising demand.
Key Facts:
- Total office space leased in seven major cities reached 83.3 million sq ft in 2025, up 8% from 2024.
- Global Capability Centres (GCCs) leased 31.4 million sq ft, becoming a major part of India’s office leasing market.
Background:
In 2025, global companies led India’s office space market, taking up nearly 60% of office space in the country’s seven major cities, JLL India said.
In 2025, office space leasing in seven major cities grew 8% to 83.3 million sq ft, with global firms taking 48.6 million sq ft (58% of demand).
“With global firms accounting for a robust 58.4% share, India’s role as a strategic business hub was reinforced, even amid global uncertainties,” JLL India said.
The country’s skilled English-speaking workforce and availability of premium office spaces at competitive rates continue to attract multinational companies. Around 31.4 million square feet of office space was leased by Global Capability Centres (GCCs), which are becoming a major part of India’s office leasing market.
Domestic companies took up 34.7 million square feet, making up the remaining 42% of demand. Bengaluru was the most preferred city for foreign firms expanding their operations.
The report showed rising demand for co-working and flexible office spaces.
Shesh Rao Paplikar, CEO of BHIVE Workspace, said, “GCCs are looking for modern offices that support sustainability, employee needs, and efficient operations.”
Aashit Verma, Founder of Hanto Workspace, added, “The rise in office leasing, especially flexible spaces, shows India’s economic growth. This demand comes from skilled talent, quality offices, and cost advantages.”
The JLL report explained that gross leasing includes all new lease deals during the year but does not count renewals.
Strong demand from both global and domestic companies makes India a key hub for business growth and points to a positive outlook for the office real estate market.
