Office leasing is approximated to fall 1 percent throughout July-September to 172 lakh square feet throughout 7 significant cities, generally on lower need in Bengaluru, Hyderabad and Delhi-NCR, according to Colliers India.
The gross leasing of office stood at 174 lakh (17.4 million) sq feet in the year-ago duration.
Gross absorption does not consist of lease renewals, pre-commitments and offers where just a Letter of Intent has actually been signed.
According to the information, the gross workplace leasing in Bengaluru is set to fall 25 percent to 47 lakh (4.7 million) sq feet in the 3rd quarter of this year from 63 lakh (6.3 million) sq feet in the year-ago duration.
In Delhi-NCR, the workplace leasing is predicted to decrease to 16 lakh (1.6 million) from 24 lakh (2.4 million) sq ft.
Hyderabad too is most likely to witness a fall of 48 percent in office need to 15 lakh (1.5 million) sq feet from 29 lakh (2.9 million) sq ft.
Colliers India did not supply the factors for most likely decrease in workplace leasing activities in Bengaluru, Hyderabad and Delhi-NCR throughout the present quarter.
To name a few significant cities, the workplace need is set to increase in Mumbai, Pune and Chennai.
The gross leasing of office in Chennai is approximated to rise 86 percent to 26 lakh (2.6 million) square feet from 14 lakh (1.4 million) square feet.
In Maharashtra’s 2 huge markets Mumbai and Pune, the workplace need stayed strong throughout the July-September quarter.
The gross leasing of office is approximated to increase 76 percent in Mumbai to 30 lakh (3 million) square feet from 17 lakh (1.7 million) sq ft.
In Pune, the leasing activities are most likely to increase 42 percent to 37 lakh (3.7 million) square feet from 26 lakh (2.6 million) square feet.
In Kolkata, the need stayed flat at 1 lakh (0.1 million) sq feet throughout the 3rd quarter of the existing fiscal year.
Regardless of controlled need in September quarter, the expert kept in mind that the gross workplace leasing is approximated to increase 8 percent to 509 lakh (50.9 million) sq feet throughout the January-September duration of this year from 473 lakh (47.3 million) square feet in the matching duration of the preceding year.
Talking about the information, Arpit Mehrotra, Managing Director, Office services, India, Colliers, stated, “India’s office market continues to demonstrate resilience, crossing the 50 million square feet benchmark in the first nine months of the year, despite ongoing external volatilities and trade frictions.” International Capability Centers (GCCs) have actually currently rented near 20 million sq feet in 2025 throughout the leading 7 cities, contributing around 40 percent of the total office need, he included.
Released on September 25, 2025
