Business EconomyPosted at: Dec 24 2025 4:38PM


Net office leasing in top 7 cities hits all-time high of 55 Mn Sft in 2025

Kolkata, Dec 24 (UNI) Despite notable headwinds including IT layoffs and tariff tensions, the Indian office market in India's top 7 cities is on a roll.
A latest ANAROCK Research data reveals that net office absorption in these cities is an all-time high of approx. 55.16 Mn sq. ft. in 2025 - a 10 percent yearly rise against approx. 49.95 Mn sq. ft. in 2024.
Surprisingly, Bengaluru led other cities with approx. 14.15 Mn sq. ft. office space leased this year against approx. 14.87 Mn sq. ft. in 2024, the city witnessed a 5 pc yearly decline in net leasing.
In terms of annual net absorption growth, Pune recorded the highest with 63 pc - from approx. 4.8 Mn sq. ft. in 2024 to approx. 7.8 Mn sq. ft. in 2025.
Besides Bengaluru, Kolkata also witnessed a 3 pc drop in net office absorption – from approx.
1.18 Mn sq. ft. in 2024 to approx. 1.15 Mn sq. ft. in 2025
MMR, Chennai, Hyderabad, and NCR saw net leasing jump 15 pc, 12 pc, 9 pc and 7 pc respectively

"India's office real estate market veritably boomed in 2025, with net absorption and new completions both surging thanks to the country's robust economic growth," says Peush Jain,
MD - Commercial Leasing & Advisory, ANAROCK Group.
"GCCs are leading the charge, capturing a record 41% share of gross absorption — up from 36% in 2024. Drawn by India's economic strength, stability, and cost advantages, major US corporates are snapping up massive office spaces across our key cities."
"Sector-wise, IT/ITeS continued to dominate office space demand in 2025 with a 27% overall leasing share,” adds Jain.
"Next came the coworking sector with a 23% share, and BFSI with 18%. Interestingly, 2025 saw demand from the coworking segment rise by 2% against 2024. BFSI, consultancy businesses and e-commerce saw their shares grow 1% each; however, IT/ITeS, manufacturing & industrial and miscellaneous other sectors’ demand share dropped."
UNI PC BM
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Tags: #Net office leasing in top 7 cities hits all-time high of 55 Mn Sft in 2025
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