
US firms have executed record-breaking workplace leasing volumes in india inside the past couple of years, with 2024 marking the very best annual interest ever recorded, with global functionality centres (gccs) emerging because the number one growth driving force, a file showed on Saturday.
The leasing volumes from 2017 via Q1 2025 shows US occupiers maintained a commanding 34.2 in step with cent percentage of India's office marketplace all through the 2022-Q1 2025 period, with 2024 recording the highest annual leasing numbers in absolute phrases.
In truth, Q1 2025 has additionally maintained the equal quarterly common because the preceding year, consistent with a JLL file.
Even as US corporations' market proportion has modestly declined because the pre-pandemic period, their absolute leasing volume has increased by about sixteen per cent, indicating a strategic deepening of american corporate presence in india no matter standard marketplace diversification, the document noted.
"US-origin gccs continually constitute over -thirds of all leasing interest via American corporations. This underscores India's crucial function in lengthy-term enterprise techniques for major US companies,' stated Dr Samantak Das, chief Economist and Head of studies and REIS, india, JLL.
The predominance of gccs within US firms' real estate footprint demonstrates that American corporations view india now not simply as an outsourcing destination, however as a critical hub for innovation and strategic operations.
'In the u . S ., every metropolis offers wonderful benefits: Bengaluru has advanced right into a multi-sectoral powerhouse beyond tech, chennai boasts India's most balanced marketplace throughout BFSI, e-trade, and tech sectors, mumbai serves as the monetary nerve centre wherein US-based totally BFSI gccs dominate, and hyderabad has established itself as a specialized hub for BFSI, healthcare, and pharmaceutical operations,' Das informed.
Bengaluru has reinforced its role as the preferred vacation spot, taking pictures 35 per cent of all US occupier leasing hobby between 2022-Q1 2025. hyderabad and Delhi-NCR have emerged as the second and third most appealing markets, followed by means of chennai and Pune.
"India's combination of professional talent at scale, supportive atmosphere, value blessings, and boom-oriented policy environment continues to make it an increasingly appealing destination for US agencies looking to establish and extend their worldwide capabilities,' stated rahul Arora, Head-workplace Leasing and Retail services, Senior handling director (Karnataka, Kerala), india, JLL.
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