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<p>As per the report, this represented the eleventh consecutive quarter of vacancy compression, taking levels below the 14 per cent threshold for the first time since the pandemic began.&nbsp;While supply was constrained, the report noted that the gross leasing volume across the top eight cities reached approximately 22 million square feet, marking a 13 per cent year-on-year increase and remaining well above the quarterly averages seen over the last three years.</p>


India office vacancy hits post-pandemic low at 13.85% in Q1 2026 amid strong leasing demand: Report

<p>According to the data, Global Capability Centres (GCCs) emerged as key growth drivers, accounting for a record 41 per cent of gross office leasing in 2025, up from 36 per cent in 2024. While, top seven cities collectively recorded an 8 per cent increase in new office completions, from 48.11 million sq ft in 2024 to 51.83 million sq ft in 2025. Bengaluru led with 13.5 million sq ft of new supply, up from 12.5 million sq ft the previous year.</p>


India Office Market 2025: From IT layoffs to record commercial real estate boom

office-leasing-trends

As per the report, this represented the eleventh consecutive quarter of vacancy compression, taking levels below the 14 per cent threshold for the first time since the pandemic began. While supply was constrained, the report noted that the gross leasing volume across the top eight cities reached approximately 22 million square feet, marking a 13 per cent year-on-year increase and remaining well above the quarterly averages seen over the last three years.

According to the data, Global Capability Centres (GCCs) emerged as key growth drivers, accounting for a record 41 per cent of gross office leasing in 2025, up from 36 per cent in 2024. While, top seven cities collectively recorded an 8 per cent increase in new office completions, from 48.11 million sq ft in 2024 to 51.83 million sq ft in 2025. Bengaluru led with 13.5 million sq ft of new supply, up from 12.5 million sq ft the previous year.

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Office Leasing Trends

India office vacancy hits post-pandemic low at 13.85% in Q1 2026 amid strong leasing demand: Report

India Office Market 2025: From IT layoffs to record commercial real estate boom

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