India's office market losing steam? Here's what the numbers say
India's office leasing saw a minor dip of 2% in Q2 2026, totaling 17.4 million sq ft across major cities. Bengaluru, Delhi-NCR, and Hyderabad experienced
India's office leasing saw a minor dip of 2% in Q2 2026, totaling 17.4 million sq ft across major cities. Bengaluru, Delhi-NCR, and Hyderabad experienced growth, while Mumbai, Pune, Chennai, and Kolkata saw declines. This overall slowdown is attributed to a significant 28% drop in new office space supply. Despite global uncertainties, the market demonstrated resilience, taking a brief pause rather than facing a downturn.
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