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US companies achieve record-breaking office leasing volumes in India: Report
The Political and Business Daily
|June 15, 2025
US firms have achieved record-breaking office leasing volumes in India in the past couple of years, with 2024 marking the highest annual activity ever recorded, with global capability centres (GCCs) emerging as the primary growth driver, a report showed on Saturday.
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The leasing volumes from 2017 through Q1 2025 shows US occupiers maintained a commanding 34.2 per cent share of India's office market during the 2022-Q1 2025 period, with 2024 recording the highest annual leasing numbers in absolute terms.
In fact, Q1 2025 has also maintained the same quarterly average as the previous year, according to a JLL report.
While US firms' market share has modestly declined since the pre-pandemic period, their absolute leasing volume has increased by approximately 16 per cent, indicating a strategic deepening of American corporate presence in India despite overall market diversification, the report mentioned.
This story is from the June 15, 2025 edition of The Political and Business Daily.
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