Workplace leasing within the first half of CY 2026 grew 5 per cent 12 months on 12 months to 43 million sq. ft, consultancy Cushman & Wakefield has mentioned.
That is the best ever leasing quantity within the first half of a calendar 12 months and has been achieved regardless of prevailing world macroeconomic uncertainty. Demand was led by world functionality centres (GCCs) and it displays the structural energy of India’s workplace market, it mentioned on Saturday.
GCCs remained the principal development engine of India’s workplace market, leasing roughly 16.5 million sq. ft throughout H1 2026, accounting for 38 per cent of whole leasing exercise and marking a strong round 38% YoY enhance.
Bengaluru, Pune, Delhi NCR and Mumbai collectively accounted for practically 80 per cent of whole GCC leasing through the first half of the 12 months.
Provide additions throughout the highest eight cities stood at roughly 21 million sq. ft in H1 2026, reflecting a ten per cent YoY decline. The provision momentum in Q2 2026 noticed a 40 per cent QoQ enhance, with new completions reaching round 12 million sq. ft.
“The primary half of 2026 highlights a market the place demand continues to outpace the provision of high quality workplace house throughout a number of key places. There may be an energetic demand of round 80 million sq. ft available in the market and with emptiness ranges falling to their lowest level because the pandemic, occupiers are more and more evaluating house necessities nicely prematurely, significantly in markets the place availability of high quality belongings is turning into extra constrained,” mentioned Veera Babu, Govt Managing Director, Tenant Illustration – India, Cushman & Wakefield.
Revealed on July 4, 2026
