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office vacancy India

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India’s office real estate market saw a sharp 36% drop in new construction in Q1 2026, even as leasing demand surged 20%, tightening vacancies and pushing rentals higher across major cities.

Office Demand Surges But Construction Crashes 36% in Q1 2026 Amid West Asia Crisis

India’s office real estate market saw a sharp 36% drop in new construction in Q1 2026, even as leasing demand surged 20%, tightening vacancies and pushing rentals higher across major cities.
India’s office market shattered records in 2025 with 83.3 million sq ft of leasing, led by GCCs and flex spaces, as vacancy dropped to a five-year low, says JLL.

India’s Office Market Hits Record Highs in 2025 with 83.3 Million Sq Ft Leasing

India’s office market shattered records in 2025 with 83.3 million sq ft of leasing, led by GCCs and flex spaces, as vacancy dropped to a five-year low, says JLL.