Hyderabad, April 7 --  Hyderabad's commercial real estate market scaled an unprecedented peak in the January-March quarter of 2026, with office space transactions touching 5.86 million square feet, the highest ever recorded in a single quarter for the city, according to property consultancy Knight Frank India.

The figure represents a 48 per cent year-on-year jump from the 4 million sq ft transacted in Q1 2025, and positions Hyderabad as the second-largest office absorption market among eight major Indian cities tracked by Knight Frank, with Bengaluru leading the pack at 9.2 million sq ft, it said.

Average transacted office rents in the city rose 8 per cent year-on-year to Rs 77.5 per sq ft per month, even as new completions added 2...