Net absorption of Grade A office space across the top seven cities rose five per cent year-on-year to 13.5 million sq ft in Q1 2026, driven by Bengaluru, Hyderabad and Chennai, according to Anarock. Overall vacancy declined to 15.5 per cent from 16.3 per cent a year earlier, while GCCs continued to account for a rising share of office leasing demand.
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Delhi-NCR's office market experienced a significant slowdown in the first quarter, with net leasing plummeting by 60% to 1.5 million sq ft due to reduced new supply. Despite this, JLL India maintains that long-term fundamentals remain strong, anticipating a rebound...
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