New Delhi, July 25 -- Global Capability Centres (GCCs) are expected to account for nearly half of India's Grade A office leasing by the end of 2026, reinforcing their position as the biggest driver of demand in the country's commercial real estate market, according to a report by Colliers.

The report projects GCCs to lease about 30-35 million square feet of office space across the top seven cities this year, accounting for 45-50 per cent of overall office demand. Annual GCC leasing is expected to rise further to 35-40 million square feet in 2027, with their share in total office leasing reaching around 50 per cent.

India's office market has remained resilient, with GCCs strengthening their role in leasing activity. During the first half...