Bengaluru leads India's office market in Q1 2026; GCCs drive 53% of leasing: Report
New Delhi, April 20 -- Bengaluru continued to lead India's office market in both leasing and supply during the first quarter of 2026, even as the sector navigated global geopolitical uncertainties. According to a report by Vestian, the city recorded 4.91 million sq ft of absorption and 4.20 million sq ft of new completions.
This performance anchored a broader national trend, with Global Capability Centres (GCCs) emerging as the primary growth engine, accounting for 11.5 million sq ft of leasing, approximately 53 per cent of the total market absorption.
The Indian office market demonstrated notable resilience despite the ongoing West Asia crisis and macroeconomic challenges. Total office absorption across the top seven cities reached 21....
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