India saw a 6% year-on-year growth in Grade A office leasing, reaching 71.5 million sq ft across the top seven cities in 2025, driven by strong occupier demand and economic growth, as per a Colliers report. Bengaluru led with 22.1 million sq ft of leasing, followed by Delhi NCR, Hyderabad, Chennai, and Mumbai recording over 10 million sq ft each.
The fourth quarter witnessed a significant surge, with a record 20.6 million sq ft leased, a 20% increase from the previous quarter. Bengaluru and Delhi NCR led this surge, accounting for nearly 60% of the activity, fueled by large deal closures and occupier expansion. The report foresees a positive outlook for the office market in 2026, backed by continued demand from various sectors and a shift towards flexible workspaces.
Arpit Mehrotra, Managing Director, Office Services, India at Colliers, highlighted the sustained demand from Global Capability Centers, technology, BFSI firms, and flex space operators, indicating a promising future for the office market. The report also noted that conventional office uptake increased by 7% to 58.5 million sq ft, while flex space uptake stood at 13 million sq ft in 2025.
Office space demand in 2025 remained diverse, with BFSI, engineering & manufacturing, and consulting firms accounting for around 40% of the total uptake. New supply in major cities rose by 5% to 56.5 million sq ft, with Bengaluru, Hyderabad, and Pune contributing to nearly 70% of the completions.
