
India's office space absorption remained steady at 75.2 million sq. ft. in 2025, mirroring the previous year's levels. Bengaluru, Delhi-NCR, and Mumbai led leasing activity, accounting for 61% of the total. Global Capability Centers (GCCs) drove market resilience, with demand projected to reach 75 million sq. ft. in 2026. Despite a strong supply pipeline, positive outlooks for 2026 are driven by GCCs, Technology, and BFSI sectors, with rental growth expected to remain range-bound.