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Office Space Leasing Soars 9% in Top 7 Cities, Reaching 18.7 Million Sq Ft in Q3
M
Moneycontrol•28-09-2026, 10:52
Office Space Leasing Soars 9% in Top 7 Cities, Reaching 18.7 Million Sq Ft in Q3
- •Gross office leasing in India's top seven cities increased by 9% year-on-year to 18.7 million sq ft during the July-September quarter, according to Colliers India.
- •This growth signifies continued strong demand for office spaces, with the total rising from 17.2 million sq ft in the same period last year.
- •Bengaluru, Delhi-NCR, Hyderabad, and Kolkata experienced a rise in leasing activity, with Delhi-NCR doubling its office space leasing and Kolkata seeing a four-fold jump.
- •Conversely, Mumbai, Pune, and Chennai recorded a decline in office space leasing during the third quarter.
- •Gross absorption figures exclude lease renewals, pre-commitments, and deals based solely on Letters of Intent.
Key Questions Answered
Gross office leasing reached 18.7 million square feet in the July-September quarter, representing a 9 percent increase compared to the same period in the previous year.
Leasing activity increased in Bengaluru, Delhi-NCR, Hyderabad, and Kolkata, with Delhi-NCR notably doubling its office space leasing from 1.6 million to 3.3 million square feet.
Demand for office space dropped in Mumbai, Pune, and Chennai during the quarter, with workspace leasing falling by 20 percent in Mumbai and 14 percent in Pune.
