Global companies continued to lead office space demand in India during 2025, capturing a 58 per cent share of total leasing across seven major cities, according to the latest report by real estate firm JLL India.
Data from the JLL office leasing report shows that overall office space leasing in India’s top markets increased by 8 per cent year‑on‑year, rising to 83.3 million square feet in 2025 from 77.2 million square feet in the previous year.
Out of this total, multinational firms leased approximately 48.6 million square feet, making up 58 per cent of total demand for office space in the seven cities. The markets covered in the analysis include Mumbai, Bengaluru, Delhi‑NCR, Pune, Hyderabad, Chennai and Kolkata.
According to JLL, key factors driving foreign firm interest in Indian office space were the availability of skilled English‑speaking talent, competitive rental rates, and an increasing supply of premium office properties in these urban centres.
A significant portion of leased space — nearly 31.4 million square feet — was taken up for the establishment and expansion of Global Capability Centres (GCCs), which serve as critical hubs for multinational operations. Domestic companies accounted for the remaining 42 per cent of office space absorption, with around 34.7 million square feet leased by local firms.
Bengaluru emerged as the most preferred destination for global tenants, maintaining its position as a leading office market, particularly for technology and services sector occupiers.
The report also noted growing activity in the flexible workspace segment, with coworking operators expanding in response to rising demand for managed office environments.
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