Office deals drive 65% India commercial real estate Q1 2026

Large office space transactions, which are areas of 100,000 square feet and above, accounted for 65 per cent of the total commercial leasing activity across India's top eight cities in the first quarter of 2026.

- TBG NETWORK

This segment continues to dominate the market as corporations seek expansive workspaces to accommodate growing operations. According to a report by Knight Frank India, these large-scale deals reached a cumulative 19.5 million square feet (mn sq ft) during the quarter. This volume represented a 3 per cent year-on-year growth from a high base of 19 mn sq ft recorded in the first quarter of 2025. Total office leasing across all size categories reached 29.9 mn sq ft for the period. Bengaluru maintained its primary position in the large office segment, recording 7 mn sq ft of transactions in the category above 100,000 sq ft. These large deals comprised 77 per cent of the city's total leasing volume of 9.2 mn sq ft. Hyderabad followed in second place with 4.4 mn sq ft in large transactions, marking a 69 per cent increase from the 2.6 mn sq ft seen