US firms hit record office leasing volumes in India
The city, often called India's Silicon Valley, has evolved into a multi-sectoral hub with growing leasing interest from not only tech firms but also manufacturing, financial services, and e-commerce GCCs. Hyderabad and Delhi NCR followed Bengaluru as the second and third most attractive markets for US occupiers, while Chennai and Pune also saw notable activity. From 2017 through Q1 2025, US occupiers have consistently maintained a dominant 34.2 per cent share of India's total office leasing market. The momentum remained strong into Q1 2025, with leasing volumes matching the quarterly average seen in 2024. Interestingly, the report mentioned that Mumbai stood out as the only major metro where US-based BFSI GCCs have surpassed all other sectors in terms of leasing activity. This further strengthens Mumbai's reputation as the financial hub for American companies expanding global operations. The findings highlight India's rising prominence in the global office market, driven by sectoral diversification and the strong role of US firms in shaping the country's commercial real estate landscape.
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