Office space demand exceeded new supply in Q2FY26 with rents rising modestly in select active micro markets, still the overall market remains cautious, as per a Colliers report.
The report noted, despite a slower second quarter, India's office market growth has remained intact through the first half of 2026. "H1 2026 recorded 35.7 million sq ft of gross leasing across the top seven cities, a 6% rise compared to the corresponding period in 2025," while "Grade A space uptake moderated slightly in Q2 2026 (April - June) to 17.4 million sq ft following a robust first quarter," it said.
