Foreign Firms Drive Office Space Leasing in India with 62% Share in Q1 2025: CBRE

New Delhi, April 4 – Foreign companies emerged as dominant players in India’s office space market during the January–March quarter of 2025, accounting for 62% of total office leasing across nine major cities, according to data from real estate consultancy CBRE.

Foreign Occupiers Lease Over 111 Lakh Sq Ft in Q1 2025​

The gross leasing of office space across key urban centres rose by 5% year-on-year to 180 lakh square feet, up from 171 lakh sq ft in the same period last year. Of this total, foreign corporations leased 111.6 lakh sq ft, significantly surpassing the 68.4 lakh sq ft leased by domestic companies.

The nine cities covered in the analysis include Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Chennai, Pune, Kolkata, Ahmedabad, and Kochi.

Growth Driven by Global Expansions and Quality Workspace Demand​

Commenting on the trend, Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, noted that India’s office sector remains on a strong growth path, fueled by expansion strategies of both domestic and global occupiers.

“Established hubs like Bengaluru, Hyderabad, Delhi-NCR, and Mumbai continue to lead, while cities such as Chennai and Pune are gaining momentum due to their talent pools and robust supply pipelines,” Magazine said.

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He further emphasized that businesses are increasingly prioritizing sustainable, high-quality workspaces that enhance the employee experience and support long-term growth. A major factor influencing this trend is the rise of Global Capability Centres (GCCs) across India.

As India cements its position as a global business destination, the office space sector is set to witness continued leasing momentum, led by the dual engines of foreign direct investment and domestic enterprise expansion.