India’s office space leasing market is expected to face stagnation this financial year, with projections at 32-34 million sq ft. Global uncertainties have created caution among key tenant sectors, impacting the demand for commercial office space. However, the market has inherent strengths that may contribute to a medium-term demand surge. Market dominance by tech firms and GCCs is a key factor affecting demand. While IT/ITeS and global sectors show modest demand, segments like BFSI, consulting, and e-commerce offer potential growth. The return-to-office trend and market strengths can stabilize owners’ credit profiles.