GCCs to drive up to 50% of India office demand; US to dominate while UK & EU to gain share- says Colliers India

GCCs to drive up to 50% of India office demand; US to dominate while UK & EU to gain share- says Colliers India

● US firms account for close to 70% of GCC leasing activity since 2020, followed by EU and UK companies at an 8-10% share each

● Ongoing trade agreements & deals likely to boost long-term office space demand across Technology, BFSI, Engineering & Manufacturing & Consulting sectors

● Annual Grade A office space uptake by GCCs can potentially reach 35-40 msf over the course of next few years

● Overall GCCs can drive up to 50% of India’s office space demand across the top 7 markets

BENGALURU, India, Feb. 20, 2026 /PRNewswire/ -- India remains one of the fastest-growing major economies, with the IMF recently revising its GDP growth projections for 2026 upwards by 20 bps – from 6.1% to 6.3% (Jan 2026 World Economic Outlook update vs Oct 2025 update). A forecasted growth rate of 6.5% in 2027 also draws comfort from strength of domestic demand across economic sectors and recent positive developments with respect to multiple bilateral trade agreements. Free Trade Agreements (FTAs), Comprehensive Economic and Trade Agreement (CETA) and trade deals between India and the US, EU, the UK & France are in various stages of engagement and this is likely to enhance India’s long term export competitiveness and simultaneously reduce entry barriers, incentivizing global firms to expand their India operations across key sectors such as Technology, Banking & Financial Services (BFS), Engineering & Manufacturing, Consulting, etc. As global firms and capability centers from these countries increase their India footprint over the course of next few years, we envisage traction in real estate demand, particularly in Grade A offices and warehouses.

Trade agreements to fuel long-term demand across major office markets