Office Market Soars: GCCs and domestic demand drive Q2,2025 growth

India's office market achieves historic 39.45 mn sq. ft leasing in H1 2025, driven by GCCs (30.8% growth) and strong international demand (61.5% of Q2 volume): JLL.

Agency leasing

Office

Business and professional services

Authors

Arundhati Bakshi Dighe

Director - PR and Communication, India

Market	Q1 2025	Q2 2025	Q-O-Q % Change	H1 2024	H1 2025	Half-yearly Growth%
Bengaluru	4.26	7.53	76.5%	9.22	11.79	27.9%
Chennai	1.90	1.99	5.0%	3.94	3.89	-1.2%
Delhi NCR	4.21	4.15	-1.4%	7.84	8.37	6.7%
Hyderabad	2.89	1.69	-41.6%	3.77	4.58	21.4%
Kolkata	0.41	0.54	32.9%	1.27	0.95	-25.2%
Mumbai	2.70	2.30	-14.9%	4.34	4.99	14.9%
Pune	3.09	1.79	-42.1%	3.15	4.88	54.8%
Pan India	19.46	19.99	2.7%	33.54	39.45	17.6%

Occupier Category	Q1 2025	Q2 2025	H1 2024	H1 2025	Half-yearly Growth%
GCCs	6.8	7.0	10.6	13.9	30.8%
Foreign – Non GCCs	3.8	5.3	7.3	9.1	25.0%
Domestic	8.8	7.7	16.5	15.7	5.3%

Office Market Soars: GCCs and domestic demand drive Q2,2025 growth

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