Summary:

Despite an 8% decline in H1 due to low Grade A supply, India's commercial office market is predicted to continue growing steadily into FY27, with gross leasing likely to rise 12 - 14% year over year to 85 - 90 million square feet. FY26 leasing is estimated at 79 - 80 million square feet, up roughly 10%. Growth is fuelled by the GCC's expansion, which accounts for 35 - 45% of demand, and the growing use of flexible workspaces. By 2026, India is expected to surpass 100 million square feet, making it the biggest flex market in Asia-Pacific. With premium assets maintaining their strong prices, supply is slowly increasing, rentals are solidifying, and vacancies are predicted to remain steady.

Source: IBEF

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