Office leasing in India's top 8 cities skids 14.5% in Q2; vacancies hit post-Covid low

Office space leasing in India's top eight cities saw a 14.5% year-on-year dip in Q2 2026, absorbing 11.6 million sq ft. Despite global economic uncertainties, demand remains strong, particularly from Global Capability Centres (GCCs) which leased 16.5 million sq ft in H1 2026. Flexible workspace operators also recorded their highest-ever half-yearly volume. Vacancy levels have fallen to post-pandemic lows, driving rental growth across major markets.

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