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Business
India Office Leasing Surges to 54.4 M Sq Ft Jan‑Sept 2026, Bengaluru Tops the List
✍️ LatestLY
🗓 28 Sep 2026, 06:17 PM
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Office space leasing in India reached 54.4 million square feet between January and September 2026, according to a LatestLY report, with Bengaluru emerging as the leading city.
India’s commercial real‑estate market saw a robust uptick in office leasing activity during the first nine months of 2026, with a total of 54.4 million square feet signed for new or renewed leases, according to a report released by LatestLY. The figure represents a notable increase from the 46.7 million square feet recorded in the same period of 2025, indicating a 16.3 percent rise in leasing volume.
Bengaluru topped the list of cities by leasing volume, accounting for roughly 12 percent of the national total. The city’s tech‑centric economy and influx of multinational firms have sustained a steady demand for premium office space, driving the high leasing numbers. Other major metros such as Mumbai, Delhi‑NCR and Hyderabad also reported strong activity, but none matched Bengaluru’s contribution.
The growth trend aligns with a broader shift toward flexible and hybrid work models, prompting companies to seek adaptable office solutions. Analysts suggest that the continued expansion of Bengaluru’s office market could attract further investment in infrastructure and ancillary services, reinforcing the city’s position as a commercial hub.
Bengaluru topped the list of cities by leasing volume, accounting for roughly 12 percent of the national total. The city’s tech‑centric economy and influx of multinational firms have sustained a steady demand for premium office space, driving the high leasing numbers. Other major metros such as Mumbai, Delhi‑NCR and Hyderabad also reported strong activity, but none matched Bengaluru’s contribution.
The growth trend aligns with a broader shift toward flexible and hybrid work models, prompting companies to seek adaptable office solutions. Analysts suggest that the continued expansion of Bengaluru’s office market could attract further investment in infrastructure and ancillary services, reinforcing the city’s position as a commercial hub.