Bengaluru office rents rise 11.5%, matching Tokyo in Q3 2026
In short
Bengaluru recorded 11.5% annual growth in prime office rents in Q3 2026, matching Tokyo. Mumbai’s leasing transactions also rose 33%, and year-to-date volumes have already passed the full-year 2025 total.
This points to stronger office demand in both cities. The report does not say what is causing the rise.
What the reporting says
Bengaluru recorded 11.5% annual growth in prime office rents in Q3 2026, matching Tokyo, while Mumbai’s leasing transactions jumped 33%, according to Knight Frank. The report also said Mumbai’s year-to-date leasing volumes have already exceeded its full-year 2025 total. The immediate implication is stronger office demand in both cities, but the source does not state what is driving the gains.
Why it matters
Bengaluru recorded 11.5% annual growth in prime office rents in Q3 2026, matching Tokyo, while Mumbai’s leasing transactions rose 33% and year-to-date volumes topped the full-year 2025 total, according to Knight Frank. The report suggests a stronger commercial property market in these Indian cities. It does not state which sectors drove demand or whether the trend will continue.