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Office rental market marks uptick with strong leasing across IT, financial corridors
The Statesman Bhubaneswar
|October 25, 2025
India’s office rental market continued its upward trajectory inthe second quarter of 2025, growing 3.8per cent year-on-year.
The rise was led by robust performance in Mumbai, Gurugram, and Delhi, with strong leasing activity across IT and financial corridors helping stabilize vacancy levels.
According to the IIM Bangalore-CRE Matrix Commercial Property Rental Index (CPRI Q22025), Mumbai topped the growth charts with a36percent quarter-on-quarter rise, the steepest among all major cities. It was followed by Gurugram (3.2per cent ) and Delhi (3.0per cent ).
Delhiemerged as the strongest performer, posting a 16.4per cent year-on-year jump, its highest in over five years.
The report highlighted the resilience of India’s Grade A office segment, supported by the return-to-office trend, consistent occupier demand, and limited new supply.
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