India Office Report Q1 CY'26

CRE Matrix & CREDAI National are pleased to present the India Office Report for Q1 CY’26, offering an in-depth analysis of India’s evolving commercial real estate landscape. India’s Grade A office market maintained strong momentum in Q1 CY’26, recording 21.2 msf of gross leasing against 11.3 msf of new supply, resulting in a strong demand-to-supply ratio of 1.9x. Pan-India vacancy declined to 15.0%, while market rents rose to ₹111.2 per sq. ft. per month, reflecting sustained occupier demand and strengthening rental fundamentals. Bengaluru and MMR together accounted for 45% of overall demand, while IT/ITeS, co-working, and BFSI emerged as the leading demand drivers during the quarter. Tap the download button to access the full report.