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India Office Leasing Jumps 24% in H1 2025 as Demand Concentrates in Key Metros

Cushman & Wakefield credits a robust economy for sustaining occupier confidence.

Overview

  • Net leasing across eight major cities reached 27.8 million sq ft in January–June, up 24% year on year, while new supply rose 14% to 23.2 million sq ft.
  • Mumbai recorded 5.5 million sq ft of net leasing (about 30% higher), Delhi-NCR rose to 5.2 million sq ft from 2.9 million, and Pune more than doubled to 4.3 million sq ft.
  • Chennai climbed to 3.1 million sq ft, reflecting broad-based gains across several southern and western markets.
  • Bengaluru edged down to 6.0 million sq ft from 6.2 million, and Hyderabad held steady at 2.8 million sq ft, underscoring mixed trends in traditional tech hubs.
  • Ahmedabad fell to 0.1 million sq ft from 2.1 million and Kolkata slipped to 0.8 million from 0.9 million, highlighting sharp city-level divergence C&W says puts India ahead of global peers.