GCC driven office space demand crosses 50 msf in the first 9 months of 2025, an 8% YoY rise: Colliers
Quarterly space uptake remains resilient at 17.2 msf; relatively evenly spread across top seven cities
Bengaluru continues to drive demand in 2025, with 27% share; 9-month leasing in Pune & Chennai surpasses annual demand of 2024
Technology sector drives 36% of the conventional leasing, followed by BFSI firms at 19% share in 2025
New supply registered at 16.6 msf in Q3 2025; 9-month supply at 41.4 msf, 10% YoY rise, led by Bengaluru and Pune
Bengaluru, 25 September 2025: Leasing activity across India’s top seven office markets has continued to remain upbeat in the first three quarters of 2025. Space uptake for the year has reached 50.9 million sq. ft., marking an 8% YoY growth. However, on a quarterly basis, it dipped marginally to 17.2 million sq. ft. in Q3 2025.
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