Office Vacancy Falls to 13.85%, Lowest Since 2020: Demand Surges While Supply Shrinks
India’s office vacancy has fallen to 13.85%, the lowest since 2020, driven by strong demand and limited supply. With rents rising and premium spaces tightening, the market is shifting in favour of landlords.
Mindspace REIT Acquires ₹2,541 Cr Chennai Office Asset, Expands Portfolio by 2.6 Mn Sq Ft
Mindspace REIT has acquired a 2.6 million sq ft Grade-A office asset in Chennai for ₹2,541 crore, taking total acquisitions to 6.6 million sq ft and strengthening its presence in key office markets.
India Office Market Starts 2026 Strong with 18.3 Mn Sq Ft Leasing, Up 15% YoY
India’s office market recorded 18.3 million sq ft leasing in Q1 2026, up 15% YoY, led by Bengaluru and Hyderabad. Flex spaces surged while vacancy levels declined, signaling strong demand.
Flex Stock in Tier-2 Cities Hits ~9 Mn Sq Ft, Accounts for 9% of India’s Total
Tier-2 cities now account for 9% of India’s flex office stock at nearly 9 Mn sq ft, as companies and GCCs expand into cost-efficient, high-growth urban markets, according to Vestian.