How India Captured 70% of APAC Office Leasing in H1 2025

Drivers & Demand

What fuels this trend? First, the Indian Grade A office demand is booming. Large office leases (over 100,000 sq ft) made up 51 percent of total leasing across top seven cities in H1 2025, translating into 17.2 million sq ft.

Shishir Baijal, Chairman of Knight Frank India, explains: “The sustained demand for high-quality office spaces owing to occupiers’ confidence has propelled transaction volumes to historic highs.”

Global Capability Centres are major catalysts. The GCC impact on Indian office space demand is clear in cities like Pune. From January to June, Pune saw between 3.8 million and 5.1 million sq ft leased, with GCCs alone taking up 1.5 million sq ft in Q2, up from just 0.25 million sq ft in Q1.

Regional office hubs are thriving as well. Vimal Nadar, Research Head at Colliers India, remarked: “These hubs have not only weathered market shifts but have set the pace for India’s office sector.” He also noted that demand is driven by a combination of factors, including continued occupier expansion, sustained GCC activity, and a diversifying demand base.

At the same time, Domestic occupier expansion India leasing remains strong: 46 percent of leasing came from Indian firms, highlighting the growing internal demand.

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