Cushman & Wakefield: India office net absorption rises 26% q/q to 14.1 million sq ft in Q3 2026
CWK•Cushman & Wakefield reported that India office net absorption rose 26% quarter over quarter to 14.1 million square feet in Q3 2026. Gross leasing was 22 million square feet, and year-to-date leasing reached a record 65 million square feet.
1. Leasing and absorption
Net office absorption across India’s top eight cities was reported at 14 MSF in Q3 2026, up 26% quarter over quarter. Gross leasing reached 22 MSF, while leasing for the first nine months hit a record 65 MSF.
2. Supply and vacancy
Hyderabad and Bengaluru each recorded 4 MSF of absorption. Global capability centers leased 9 MSF, or 42% of quarterly leasing activity. New completions rose to 23 MSF, and vacancy increased 63 basis points to 14.37%, ending 12 consecutive quarters of compression.
