India’s premier office hubs are witnessing a seismic shift, with Global Capability Centers (GCCs) poised to dominate leasing at up to 50% of total demand. Fresh insights from a leading report spotlight US companies as the frontrunners, leveraging India’s prowess in high-skill sectors.
Colliers India’s analysis shows US firms commanding 70% of GCC leasing since 2020, dwarfing the 8-10% from EU and UK players. Looking ahead, GCCs are forecasted to absorb 35-40 million square feet of premium Grade A space annually—equivalent to 40-50% of the market.
This boom ties directly to strengthening trade pacts and easing tariffs with key partners, igniting demand in tech, finance, engineering, manufacturing, and advisory services. ‘Tech-focused US GCCs will stay robust, but EU/UK growth in specialized fields like BFSI and engineering is imminent,’ says Arpit Mehrotra, Colliers’ Office Services MD.
Over the past five years, GCCs snapped up 117 million square feet from 310 million total, hitting 38%. Their appetite has surged from 16 million in 2020 to 30 million by 2025, signaling unrelenting expansion.
As Vimal Nader, Colliers’ Research Head, puts it: ‘GCCs are the bedrock of India’s office demand resilience, bolstered by tenant diversity and bilateral trade wins amid cooling global frictions.’
India’s edge in talent pools and competitive costs ensures GCCs will keep fueling office market growth, heralding a new era of commercial real estate prosperity across top metros.