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US firms deepen commitment to India’s office market
Orissa POST
|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 Saturday.
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
Bangalore has strengthened its position as the preferred destination, capturing 35% of all US occupier leasing activity
Hyderabad, Delhi-NCR have emerged as the second and third most attractive markets, followed by Chennai and Pune
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