India's Office Leasing Soars to Record 55 Mn Sqft in 2025, Driven by GCCs

• India's net office leasing in top 7 cities reached an all-time high of 55.16 million sq ft in 2025, a 10% increase from 2024.
• Global Capability Centres (GCCs) were a major demand driver, accounting for a record 41% of gross absorption.
• Pune recorded the strongest growth in net absorption (63% surge) and new supply (doubled).
• Bengaluru led in absolute net absorption and new supply, despite a 5% decline in leasing.
• Vacancy levels slightly decreased to 16.1%, and average monthly rents rose 6% to Rs 92 per sq ft.

Why It Matters: India's office market achieved record leasing in 2025, fueled by GCCs and strong economic growth.