India's Office Leasing Soars 10% in 2025 Despite IT Layoffs, Bengaluru Leads Supply

• India's net office leasing grew 10% year-on-year in 2025 across top seven cities, reaching 55.16 million sq. ft., defying IT layoffs and tariff uncertainties.
• Bengaluru saw a 5% decline in leasing but led new office supply with 13.5 million sq. ft. added, an 8% increase from 2024.
• IT/ITeS sector remained dominant, accounting for 27% of demand, followed by coworking (23%) and BFSI (18%), showing diversified occupier interest.
• New office completions rose 8% overall, with Pune experiencing a sharp 103% jump and Chennai a 72% increase in new supply.
• Average monthly office rentals increased 6% to Rs 92 per sq. ft., with Bengaluru recording the steepest rise at 9%.

Why It Matters: India's office market shows resilience and growth in 2025, driven by diversified demand and new supply.