India’s Office Market Sees Robust Growth in Q2 2025: Colliers Report
India’s office market maintained its strong growth in Q2 2025, recording 17.8 million square feet (msf) of gross leasing across the top seven cities — an 11% rise from Q2 2024, according to Colliers. This also marks a 12% increase from Q1 2025, showcasing the sector’s resilience amid global uncertainties.
In H1 2025, Grade A office space demand surged to 33.7 msf, reflecting 13% year-on-year growth. Bengaluru led the leasing activity with a 27% share (4.8 msf), reaffirming its position as India’s top office market. Hyderabad, Mumbai, and Chennai also showed strong traction, each crossing 2.5 msf of leasing.
Leasing activity was driven by flex space operators and firms in technology, BFSI, engineering, and manufacturing. Notably, five of the seven major cities clocked over 2 msf in Q2 alone.
New supply remained strong at 14.9 msf, up 11% YoY, while conventional leasing held steady at 13.5 msf. Flex spaces saw a 65% YoY rise with 4.3 msf leased, shaping modern workplace trends.
With a robust occupier base and steady supply, office demand is expected to reach 65-70 msf by year-end, signalling continued strength in India’s commercial real estate sector.
