Overview

• CBRE reports 59.6 million sq ft of office absorption in January–September 2025, the highest on record.
• Q3 gross leasing across nine cities slipped 2.5% to 19.9 million sq ft as South India softened, with Bengaluru down to 4.3 million sq ft from 7.2 million a year earlier.
• Knight Frank says total office stock crossed 1 billion sq ft in Q3 and year-to-date leasing rose 24% year-on-year.
• Grade A assets dominated activity, comprising 88% of Q3 volumes and 92% year-to-date, signaling a persistent flight to quality.
• GCCs remained the largest occupier group, taking 32% of Q3 volumes per Knight Frank and nearly 39% of year-to-date leasing per CBRE, while new supply reached 41 million sq ft, up 10% year-on-year and led by Pune, Bengaluru and Delhi-NCR.