India’s Office Leasing Hits Record 24.6 Million Sq. Ft. in Q2 2026 as Demand Remains Strong: CBRE

India’s commercial real estate market continued its impressive growth trajectory in the second quarter of 2026, recording the highest quarterly office leasing activity ever seen in the country. According to CBRE, gross office leasing reached a record 24.6 million square feet during the April to June period, highlighting sustained occupier confidence despite global economic uncertainties.

The strong quarterly performance also pushed total office absorption during the first half of 2026 to 45.5 million square feet, making it the highest half-yearly leasing volume ever recorded in India. The figures underline the resilience of the country’s office market, supported by steady business expansion, continued investments and healthy demand from domestic and multinational companies.

Bengaluru remained India’s largest office market, accounting for 27 percent of total leasing activity during the quarter. Along with Pune and Delhi-NCR, the three cities contributed nearly 58 percent of the country’s overall office space absorption, reaffirming their importance as leading commercial destinations.

The report also highlighted a record addition of new office supply. Developers completed nearly 21 million square feet of office space during the quarter, while total completions during the first six months of the year reached 32 million square feet. Bengaluru, Pune and Ahmedabad emerged as the leading cities for new office developments.

Global Capability Centres continued to be the biggest demand driver, leasing around 10.3 million square feet during the quarter and contributing 42 percent of total office absorption. Technology companies, research firms and consulting businesses remained among the most active occupiers, while flexible workspace operators accounted for the largest share of leasing at 27 percent.

Sustainability also gained further momentum across India’s office market. Nearly three-fourths of both newly completed projects and leased office spaces were located in green-certified buildings, reflecting the growing preference for environmentally sustainable commercial developments.

Looking ahead, CBRE expects demand for premium office spaces to remain healthy throughout 2026. Expanding Global Capability Centres, flexible workspaces and continued investment in India’s technology ecosystem are expected to support leasing activity across major metropolitan cities, while select tier-II cities are also likely to attract new occupiers seeking long-term expansion opportunities.