Bengaluru Leads in India's Commercial Office Boom

Bengaluru dominates India's commercial office market with record leasing and low vacancies. Holding 26% of the top six cities' Grade A office stock, Bengaluru is set to see further vacancy decline. Other cities like Delhi-NCR and Hyderabad also show improvements, driven by steady demand from various sectors.

Bengaluru has emerged as the leader in India's commercial office space, marked by unprecedented leasing activity, according to the Investment Information and Credit Rating Agency (ICRA).

The city commands the largest share of Grade A office stock among the top six Indian cities, boasting 26%, as per ICRA's latest report.

ICRA projects that vacancy levels in Bengaluru will continue to decline from 9.8% to 9.0–9.5% by FY2026, supported by demand from GCCs, BFSI institutions, and IT-BPM firms.

(With inputs from agencies.)