Office vacancy across India’s top cities has declined to 13.85% in Q4FY26, marking the lowest rate since the onset of the pandemic. This reduction is attributed to a resurgence of companies returning to physical office spaces and sustained leasing activity from Global Capability Centres.
The significant drop in vacancy levels underscores the robust demand for high-quality office accommodations throughout the country. Concurrently, major markets are experiencing an acceleration in rental growth, reflecting the heightened competition for prime office locations.