India's Office Market Soars: Record 61M Sq Ft Absorption in 2025, Boosts REITs & Rentals

• India's office market achieved a record 61.4 million sq. ft. net absorption in 2025, a 25% year-on-year increase across top eight cities.
• Bengaluru led demand with 14.4 million sq. ft., followed by Delhi NCR (10.9M sq. ft.); Mumbai, Hyderabad, and Pune also showed strong activity.
• Gross leasing volumes remained resilient at 88.7 million sq. ft., with fresh leasing accounting for 80%, indicating expansion-led demand.
• Global Capability Centres (GCCs) were a major driver, contributing 33% of total gross leasing, reinforcing India's global role.
• Despite 53 million sq. ft. new supply, overall vacancy sharply declined by 210 basis points, and rentals rose across all cities.

Why It Matters: India's office market hit record highs in 2025, signaling strong growth for REITs and rentals.