GCCs Could Represent 50% of India’s Office Demand: Report
BENGALURU: Global Capability Centres (GCCs) are set to account for up to 50% of the demand for grade-A office space in India’s top seven cities over the coming years. Annual leasing by GCCs is projected to reach 35–40 million sq ft, as per a recent report by Colliers India. The report indicates that GCCs have absorbed approximately 117 million sq ft of office space since 2020, which amounts to 38% of the total 310 million sq ft leased during this time. Their share in overall leasing has climbed from under 30% a few years ago to an expected 40% by…