US Firms Expand Office Leasing Footprint in India, GCCs Drive Growth

India’s skilled workforce, cost advantages and supportive ecosystem make it a hotspot for GCCs.

16 JUNE 2025  /  1 min read

US firms have expanded their office leasing footprint in India, driven by the rapid growth of Global Capability Centres (GCCs), which accounted for over two-thirds of all leasing activity by American companies in 2024. According to a report by JLL, Bengaluru remained the most preferred destination, attracting a 35% share of US leasing activity, followed by Hyderabad and Delhi NCR.

The report points out that while technology remains the dominant sector, the fastest growth is now coming from BFSI and manufacturing GCCs. It also highlights that US firms maintained a commanding 34.2% share of India’s office market during the 2022 to Q1 2025 period. Today, GCCs have emerged as a key driver of innovation and growth in the country, with many large corporations across sectors setting up their global capability centres in India to leverage the country’s vast talent pool and favourable business environment.

The report notes that while US firms' market share has modestly declined since the pre-pandemic period, their absolute leasing volume has increased by approximately 16%, indicating a strategic deepening of American corporate presence in India.

“US-origin GCCs consistently represent over two-thirds of all leasing activity by American firms, underscoring India's central position in long-term business strategies for major US corporations,” said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.

The growth of GCCs in India is driven by the country's skilled talent at scale, supportive ecosystem, cost advantages, and growth-oriented policy environment, making it an increasingly attractive destination for US companies looking to establish and expand their global capabilities.