Global Firms' Office Leasing in India Hit Record High, JLL Says
Global Capability Centers — offshore units that handle the parent's business processes — accounted for over a third of the 'record-breaking' 77.2 million square feet of office space leased in India's key cities last year, according to property services firm Jones Lang LaSalle.
'Global Capability Centers have emerged as the backbone of this surge,' Samantak Das, chief economist and head of research and REIS, India, JLL, said in the report. They leased about 28 million square feet across seven major cities, a record, and now make up nearly 40% of the total office leasing since 2016.
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