February 19, 2026 2:04 PM
GCCs likely to drive up to 50 pc of India’s office demand led by US-based firms
Global Capability Centres (GCCs) could account for up to 50 per cent of India’s office space demand across the top seven markets as US firms continue to dominate leasing activity, a report said on Thursday. The report from Colliers India said US firms have accounted for close to 70 per cent of GCC leasing activity in India since 2020, followed by EU and UK companies at an 8–10 per cent share each. The annual Grade A office uptake by GCCs could reach 35–40 million sq ft over the next few ...