India office net absorption falls to 14.1 million sq ft in Q3 2026
In short
India’s office market saw net absorption drop to 14.1 million sq ft in Q3 2026 across eight key cities. Gross leasing reached about 22 million sq ft, the highest level so far in 2026.
Hyderabad and Bengaluru led demand, helped by global capability centres. The report does not give the full vacancy figure.
What the reporting says
India’s office net absorption across eight key cities fell to 14.1 million sq ft in the third quarter of 2026, while gross leasing volume reached about 22 million sq ft, the highest for 2026 so far. Hyderabad and Bengaluru led uptake, and global capability centres helped drive leasing, especially in IT and BFSI. The report also says the national vacancy rate stood at 14, but the full figure is not stated in the available reporting.
Why it matters
India’s office market recorded 14.1 million sq ft of net absorption in Q3 2026 across eight key cities, while gross leasing volume reached about 22 million sq ft. Hyderabad and Bengaluru led activity, with global capability centres supporting demand in IT and BFSI. The available reporting points to healthy leasing even as net absorption fell, but it does not fully state the vacancy rate or explain the decline.