Global capability centres (GCCs) are expected to account for nearly half of India's Grade A office leasing by the end of 2026, reinforcing their position as the biggest driver of demand in the country's commercial real estate market, according to a report by Colliers.
The report projects GCCs to lease about 30-35 million square feet of office space across the top seven cities this year, accounting for 45-50% of overall office demand. Annual GCC leasing is expected to rise further to 35-40 million square feet in 2027, with their share in total office leasing reaching around 50%.
