office market quarterly report JLL

India Office Market Q1 2026: Record 21.5 Million Sq Ft Leased — The Key Numbers from JLL’s Report0

• Reports
• June 10, 2026

India’s office market recorded its strongest-ever first quarter in 2026, with 21.5 million sq. ft. of gross leasing and 13.7 million sq. ft. of net absorption, according to JLL. Demand was led by GCCs (45.5%) and flex workspace operators (25.9%), while vacancy fell to a five-year low of 14.7%. Bengaluru emerged as the top-performing market, and tightening Grade A supply is expected to drive rental growth across major office hubs throughout 2026.