Leasing for GCCs Rises 24% in FY25; Bengaluru Leads with 65% Share in Office Absorption: Vestian
8 Articles
8 Articles
Office rent in Hyderabad sees 10 pc rise in first half of 2025
Hyderabad: Office rent in Hyderabad has seen a 10 % increase from January to June 2025. The transaction volume in office spaces rose to 16 % reaching 5.9 million square feet. Among various sectors, third party IT services take up 45% of office spaces and Global Capacity Centers (GCCs) 40%. These firms, which accounted for a mere 11% of total absorption in the first half of 2024, have surged to capture 45% of the market in the first half of 2025…
GCC Office Space Demand in India Rises 24% in FY25, Bengaluru Leads Absorption
According to a Vestian analysis, the demand for office space by Global Capability Centres (GCCs) in India increased by 24% over the last fiscal year, reaching 31.8 million square feet across seven major cities. This represents an increase over the previous year’s figure of 25.6 million square feet. According to the report, GCCs continue to be a key driver of India’s office industry, owing to cost optimisation, a skilled talent pool, and favourab…
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
To view factuality data please Upgrade to Premium