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 robust 1.9x demand-to-supply ratio. Pan-India vacancy declined to 15.0%, while market rents rose to ₹111.2 per sq. ft. per month, reflecting sustained occupier demand and continued strengthening in office rental fundamentals. Bengaluru and MMR accounted for 45% of overall demand, while IT/ITeS (27%), Co-working (21%) and BFSI (18%) emerged as the leading sector-wise demand drivers during the quarter. Tap the download button to access the full report.