India’s Office Market Scales New Peak in 2025: Rentals Rise, Vacancies Tighten
Remember all those dire predictions about the office becoming a relic, replaced by permanent PJs and Zoom fatigue? Well, India's commercial real estate market just rolled its eyes, grabbed a chai, and promptly set a new leasing record in 2025. It seems the 'future of work' still involves a rather significant amount of Grade A square footage, proving that while remote work has its charm, the allure of collaborative cubicles (or swanky open-plan spaces) is a force to be reckoned with, especially when the economy is buzzing.
This monumental growth isn't just a fluke. The nation's office market indeed achieved a staggering record of 71.5 million sq ft of Grade A leasing in 2025, marking a robust 6% year-on-year increase. This surge was primarily fueled by relentless occupier demand and the significant expansion of Global Capability Centers (GCCs) across major cities. Bengaluru, ever the tech titan, led the charge, contributing a massive 22.1 million sq ft to this total, while a remarkably strong Q4 culminated in all-time high leasing figures, signaling continued confidence in India's economic trajectory and talent pool.
