According to a Knight Frank India report, leasing of 48.0 million square feet of office space took place in 8 major cities of the country in the first half of 2026. In this, the share of deals larger than 100,000 square feet was 59%, which was a total of 28.2 million square feet. Bengaluru remained the biggest market.
Office deals of 100,000 sq ft and above accounted for 28.2 million sq ft of the total office leasing volume of 48.0 million sq ft during 1H2026, the report said. According to a Knight Frank India research release, “Large office deals contributed 59% of the total office leasing volume of 48.0 million sq ft, underscoring the continued preference of large occupiers for Grade A office properties.”
Bengaluru remained the biggest market
Bengaluru remained the country’s largest office leasing market for large format deals, recording 10.1 million sq ft of leasing of office space above 100,000 sq ft during 1H2026. Such deals accounted for 72 percent of the city’s total office leasing activity. Hyderabad and National Capital Region (NCR) stood second with large office leasing of 4.9 million sq ft each, while Mumbai recorded leasing of 3.1 million sq ft. The report said that mega deals accounted for 65 per cent of leasing in Hyderabad, 68 per cent of NCR and 42 per cent of total office absorption in Mumbai.
Hyderabad is the fastest growing destination
Among major office markets, Hyderabad emerged as the fastest growing destination for large occupiers. According to the report, leasing of office space above 100,000 square feet grew 63 percent year-on-year, from 3.0 million square feet in 1H2025 to 4.9 million square feet in 1H2026.
Know what experts say
Commenting on the trend, Viral Desai, International Partner and Senior Executive Director – Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets & Retail Agency, Knight Frank India, said, “India’s office market continues to see strong demand from large occupiers, particularly Global Capability Centres, technology companies and multinationals expanding their operations.”
He further added, “While overall office leasing remains strong, markets such as Hyderabad, NCR, Mumbai and Pune have increased the share of large office deals, reflecting the growing occupier preference for high-quality, future-ready office properties. The continued dominance of large office leasing reinforces India’s position as a leading global business destination.”
Situation of small and medium deals
The report also noted that mid-sized office deals between 50,000 sq ft and 100,000 sq ft stood at 9.0 million sq ft during 1H2026, accounting for 19 per cent of the total leasing activity. Leasing in small office space less than 50,000 sq ft totaled 10.8 million sq ft, contributing 22 per cent to total office deals during the period. (ANI)
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