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office space trends India

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India’s flexible workspace market is set for strong growth, with capacity expected to reach 145 million sq ft by FY28, driven by rising demand for hybrid and cost-efficient office solutions.

India Office Market Hits Record High in Q1 2026: 21.5 Million Sq Ft Leasing Signals Strong Growth Despite Global Challenges

India’s office real estate market records its strongest-ever Q1 with 21.5 million sq ft leasing, led by GCCs and tech firms, as cities like Bengaluru and Mumbai drive growth despite global headwinds.
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 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.