GCCs to Lease 35-40M Sq Ft Office Space Annually: Report
NEW DELHI: According to a report by Colliers India, global capability centres (GCCs) are projected to lease approximately 35-40 million sq ft of Grade-A office space annually over the next two years. The report indicates that GCCs are expected to represent 45-50% of India’s office space demand in 2026 and 2027. From 2021 onward, GCCs have leased around 118 million sq ft of Grade-A office space across the top seven cities, accounting for 37% of the overall office demand. In H1 2026 alone, GCCs leased 16.6 million sq ft, which comprised 46% of the total uptake of Grade-A office space.…