GCC boom fuels US demand, US firms drive one-third of office demand in top Indian cities; Bengaluru leads office space race among top 7 cities

US companies are the biggest drivers of India’s office space demand, leasing over 64 million sq ft between 2022 and 2024. Approximately 70% of this space is for Global Capability Centres (GCCs), particularly in Bengaluru. Technology and BFSI firms are leading this trend, drawn by India’s skilled talent and favorable business environment.