Archive · 23 Jan 2026
India's Office Market to Outperform Asia-Pacific by 2026
India's office market is expected to grow faster than the rest of the Asia-Pacific region by 2026.
This is because many companies are setting up or expanding their offices in India, especially in cities like Bengaluru, Mumbai, and Delhi.
These companies include global capability centres, IT outsourcing firms, and financial services companies.
In 2025, these three cities saw a lot of office space being leased, with Bengaluru leading the way.
Rents for office spaces are also going up.
Experts believe that India's office market will continue to do well because there is a lot of demand and new office buildings are being built.
This makes India a very attractive place for both companies looking for office space and investors looking to put their money into real estate.
India's office market is forecasted to grow 7–10% by 2026, outpacing the Asia-Pacific region.
Bengaluru, Mumbai, and Delhi-NCR recorded nearly 50 million sq ft of leasing in 2025, a 21% year-on-year increase.
Bengaluru saw the highest annual prime rental growth at 13.8% and a 7.4% quarter-on-quarter increase in Q4 2025.
Gross absorption in India's top eight cities surpassed the previous year's peak by 20%, closing at 86.4 million sq ft.
Strong demand from GCCs, IT businesses, and financial services firms is driving rental growth and market confidence.
- Who
- Knight Frank, a UK-based consultant
- What
- India's office market is forecasted to outperform the Asia-Pacific region by 2026
- When
- Forecast for 2026, with data from 2025
- Where
- India, specifically Bengaluru, Mumbai, and Delhi-NCR
- Why
- Due to strong leasing momentum, expansion of global capability centres (GCCs), and increasing preference for high-quality office spaces
- Forecasted Prime Office Rent Growth
- 7–10%
- Top Office Markets in India
- Bengaluru, Mumbai, Delhi-NCR
- Total Leasing in 2025
- Nearly 50 million sq ft
- Annual Prime Rental Growth in Bengaluru
- 13.8%
- Gross Absorption in Top 8 Cities
- 86.4 mn sq ft
- Expected Office Supply Decline in Asia-Pacific
- From 2027 onward