India's Q1 office leasing hits 19.46M sq. ft, domestic share rises

Q1 office leasing hits 19.46M sq. ft, Bengaluru leads, followed by Delhi NCR. Flex space booms.

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Authors

Arundhati Bakshi Dighe

Director - PR and Communication, India

Market	Q1 2024	Q1 2025	Y-O-Y Growth (%)	% City Share in Q1 2025
Bengaluru	3.09	4.26	37.9%	21.9%
Chennai	2.67	1.90	-29.0%	9.8%
Delhi NCR	4.03	4.21	4.4%	21.6%
Hyderabad	1.37	2.89	111.4%	111.4%
Kolkata	0.08	0.41	431.5%	2.1%
Mumbai	2.11	2.70	28.1%	13.9%
Pune	1.81	3.09	70.7%	15.9%
Pan India	15.16	19.46	28.4%	100%

_{source: Real Estate Intelligence Service (REIS), JLL Research.}

Market	Q1 2024	Q1 2025	Y-O-Y % change
Bengaluru	0.99	1.08	9.1%
Chennai	1.72	0.89	-48.1%
Delhi NCR	2.19	1.87	-14.6%
Hyderabad	0.32	1.50	373.4%
Kolkata	0.07	0.28	297.0%
Mumbai	1.62	1.70	4.9%
Pune	1.09	1.50	37.9%
Pan India	7.99	8.82	10.3%

_{source: Real Estate Intelligence Service (REIS), JLL Research.}

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