Industry reports indicate that India's commercial real estate landscape has experienced a significant transformation as global capability centers and multinational corporations increasingly prioritize premium office spaces that align with environmental, social, and governance objectives.

American financial services giant State Street Corporate Services has secured a landmark 10-year lease for 2.1 lakh sq ft in Coimbatore's IndiaLand Tech Park, highlighting the growing corporate interest in tier-2 Indian cities.

ExxonMobil renews its 5.3 lakh sq ft Bengaluru office lease for ₹2.60 crore monthly, signaling continued commitment to India's tech hub. The five-year deal at Embassy Manyata Business Park reflects strong confidence in India's commercial real estate market.

Corporate India is experiencing an unprecedented surge in pre-leasing activity for premium carbon-neutral office spaces as demand significantly outpaces supply. 2024 has already seen a record 89 million square feet leased across India's top eight cities.

India’s office market is witnessing record demand, with MNCs and GCCs driving occupancy rates to decade-high levels.

Amazon, Cognizant, IBM, Accenture, and McKinsey are renewing leases in India's office space market, which is booming. Bangalore led the list of cities where major firms renewed office space, with 1.6 million square feet renewed between January and July 2024.

Bengaluru office leasing is changing. Multinational firms' tech and shared service divisions, Global Capability Centres (GCCs), are gaining ground in India's commercial real estate market. In 2023, GCCs leased the most space since the start of the decade, according to Colliers.