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Mumbai office demand

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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.

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.
India’s office market is set for strong growth in 2026 with demand projected at 70–75 million sq ft and supply at 60–65 million sq ft. Colliers highlights GCC expansion, flex spaces, and sustainability as key drivers shaping the sector’s future.

India Office Market to See 70–75 mn sq ft Demand in 2026, Supply at 60–65 mn sq ft

India’s office market is set for strong growth in 2026 with demand projected at 70–75 million sq ft and supply at 60–65 million sq ft. Colliers highlights GCC expansion, flex spaces, and sustainability as key drivers shaping the sector’s future.