According to Knight Frank’s Asia-Pacific Office Highlights Q3 2025 report, India’s office market continues to outshine the Asia-Pacific region, defying broader slowdown trends to remain one of the region’s most resilient performers. Leasing momentum has remained robust, with 8.8 mn sq ft transacted in the third quarter alone. Full-year leasing volumes of Bengaluru, NCR and Mumbai together, are expected to touch 50 mn sq ft, surpassing the previous record of 41 mn sq ft set in 2024.

The surge is fuelled by sustained leasing commitments from Global Capability Centres (GCCs) and a revival in third-party IT services, highlighting India’s attractiveness as a global business hub. Despite a supply influx of nearly 9 mn square feet during the quarter, prime office rents across India’s three large

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