US Companies Boost Office Demand in India’s Top Cities
Bengaluru Tops Office Space Demand Among India’s Leading Cities
US companies are now the biggest drivers of office space demand in India. They make up over one-third of all office leases in the top seven cities from 2022 to 2024. This information comes from JLL India, a top real estate consultancy.
Important Points
- Total office leases in Delhi-NCR, Mumbai, Bengaluru, Chennai, Kolkata, Hyderabad, and Pune reached 190 million square feet.
- US companies leased 64.5 million square feet of this space.
- Almost 70% of the space taken by US companies was for Global Capability Centres (GCCs).
Why Choose India?
Rahul Arora, Head of Office Leasing & Retail Services at JLL India, shares why India is a preferred choice:
- Large pool of skilled talent
- Supportive business environment
- Cost benefits
- Growth-focused policies
Bengaluru Takes the Lead
The data shows strong interest from US multinationals in India’s tech hubs. Bengaluru is the top pick for setting up GCCs. GCC-led needs make up about 70% of all space demand from US companies. This shows long-term investment and positions India as a key hub for research, technology, and innovation.
Industries Fueling Demand
Technology and BFSI (Banking, Financial Services, and Insurance) companies from the US are driving much of this office demand. This reflects a global trend towards centralizing high-end service operations in India.
