India's office spaces just had their biggest year ever
India's office market smashed records in 2025, with 86.4 million square feet leased—a 20% jump over the previous year and even higher than pre-pandemic times.
The boom was powered by Global Capability Centres (GCCs) and flexible workspace providers, with Bengaluru leading the pack (28.7 million sq ft), followed by Hyderabad (11.4 million sq ft).
It's a clear sign that demand is strong across different cities.
Rents up as companies go for bigger, longer leases
With more companies looking for space than there are new offices being built, rents shot up—Kolkata saw the highest spike at 16%, while NCR and Hyderabad both climbed 10%.
Even Mumbai and Bengaluru weren't far behind with a 6% increase each.
Vacancy rates stayed low at just over 15%, and more businesses are locking in larger, long-term leases, hinting that this growth could stick around into next year.