Bengaluru, Nov. 4 -- India's office real estate investment trusts or Reits, which are the largest owners of commercial workspaces in the country, saw a sharp rise in demand and leasing during April-September, led by global capability centres (GCCs), despite the blip caused by the West Asia war.

GCCs account for a larger share of leasing across cities even as uncertainty over artificial intelligence (AI) and its potential impact on office demand looms. The increased leasing by GCCs also comes at a time when demand from IT services firms, once the largest office occupiers, has shrunk.

India has six listed Reits-focused on office assets and one on retail-backed by global asset managers such as Blackstone and Brookfield, and leading office ...