India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Bengaluru is witnessing a surge in demand for AI-driven offices as global firms like Anthropic and OpenAI expand operations. GCC leasing, flexible workspaces, and premium assets are seeing strong traction, with the city accounting for 48% of GCC activity in Q1 2026, reinforcing its position as a global innovation hub.
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Bengaluru recorded the highest office rent growth in APAC at 14% in Q1 2026, according to Knight Frank. India’s top cities saw strong leasing activity, led by Mumbai’s record volumes. GCC demand, limited supply, and rising preference for premium assets continue to drive rental growth and market resilience.
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Bengaluru achieved a record 24.1 million sq ft of office leasing in 2025, led by tech firms, GCC expansions, and flexible workspace operators. Despite 12 million sq ft of new supply, vacancy fell to 10.5%. Rents rose 6.6%, and capital values climbed 8.6%, reflecting strong occupier and investor confidence.
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Bengaluru has emerged as the world’s leading Global Capability Centre (GCC) hub, with GCCs driving nearly 40% of office leasing across India’s top cities in 2025. The FICCI–ANAROCK Workplaces 2025 report highlights record leasing, strong Grade A supply, and rising demand for ESG-ready, tech-enabled workspaces across metros and Tier-2 cities.
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Morgan Stanley Advantage Services has leased around 1.6 lakh sq. ft. of office space at Brookfield’s Ecoworld in Bengaluru for nearly five years at a monthly rent of ₹1.92 crore. The deal reflects strong BFSI and GCC-led demand along the Outer Ring Road, reinforcing Bengaluru’s status as a global offshore hub.
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India is set to outperform the Asia-Pacific region in office real estate growth in 2026, supported by strong leasing, stable vacancies, and GCC expansion. Bengaluru leads rental growth, while Mumbai and Delhi-NCR show steady gains. Robust occupier demand is expected to absorb new supply without weakening prime rents.
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