US Firms Account for 33% of Office Demand in India’s Top 7 Cities
NEW DELHI: US companies have leased 64.5 million square feet of office space in India from 2022 to 2024 across seven major cities, accounting for more than one-third of total workspace leasing, according to JLL India. Data from real estate consultant JLL India shows that the total gross leasing of office space during the 2022-2024 period reached 190 million sq ft across Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. Of this, US firms rented 64.5 million sq ft of office space primarily to establish their Global Capability Centers (GCCs). Approximately 70% of the office space rented was for setting…