Country Due to better demand from domestic and foreign companies in 8 big cities of India, the demand for leasing office space has increased by 25 percent to 6.14 crore square feet in 2025. Cushman & Wakefield gave this information. The demand for leasing office space in these 8 cities was 4.91 crore square feet in 2024. According to data released on Monday by real estate consultant company Cushman & Wakefield, an increase in net office lease demand has been recorded in Bengaluru, Hyderabad, Pune, Delhi-National Capital Region (NCR) and Chennai. On the other hand, there has been a decline in demand for office space in big cities like Mumbai, Kolkata and Ahmedabad.
Highest increase in demand for office space in Chennai
According to an ANI report, the year 2025 saw the highest increase in demand for office space in Chennai. According to the report, a bumper growth of 187 percent was recorded in the demand for office space in Chennai last year. In this race, Delhi-NCR stood second with 82 percent. During this period, demand for office space was recorded at 96 lakh square feet in Mumbai, 91 lakh square feet in Hyderabad, 82 lakh square feet in Pune, 70 lakh square feet in Chennai, 14 lakh square feet in Kolkata and 8 lakh square feet in Ahmedabad. These figures of Chennai are a clear indication that this city is fast emerging as the new choice of investors.
Sector-wise, the IT-BPM sector had the highest share of 31 per cent in the total office space lease. GCCs also created a new record in India by leasing a total of 29.3 million square feet of space in the year 2025, which is 33 percent of the lease for the entire year.
Demand for office space is expected to remain strong even in 2026
Anshul Jain, Chief Executive Officer (CEO) of Office and Retail Sector, India, Southeast Asia, Middle East and Asia Pacific, Cushman & Wakefield, said, “Last year’s performance tells a story of more than just record numbers. This indicates a long-term growth path based on strong fundamentals.” He said the demand for office space is expected to remain strong in 2026 due to the expansion of Global Centers of Competence (GCC) in India and increased adoption of technology.
Latest Business News