Indian Office Leasing Market Shows Mixed Performance: 6% Quarterly Decline Amid Projected Record Annual Growth

Oct 07, 2025 09:57 pm CST

Knight Frank India reports a 6% decline in office space leasing across India's top eight cities during the July-September quarter, though the January-September period still showed strong 24% annual growth. Despite quarterly slowdown, experts project record-breaking annual office absorption of 85 million square feet in 2025, with varying performance across major metropolitan areas including Bengaluru, Hyderabad, Chennai, and Mumbai.