India's Office Market Set to Surge with Aggressive Growth Strategies for 2026

India's office market is expected to grow significantly by 2026, driven by increased demand for Grade A spaces, expansion of Global Capability Centers, and the rise of flex space operators. Colliers' report highlights the potential for high growth in sustainable, tech-enabled workspaces, impacting REIT penetration and investor interest.

India's office market is on a trajectory to sustain impressive growth by 2026, according to Colliers' latest report. With projected Grade A demand at 70-75 million sq ft, new supply is expected to reach 60-65 million sq ft.

Key drivers behind this growth include the expansion of Global Capability Centers (GCCs), the increased adoption of flexible workspaces, and a strategic shift towards REIT-led asset ownership. As the office market evolves, a significant emphasis is placed on creating sustainable, tech-enabled environments.

Bengaluru, Hyderabad, and Delhi-NCR are expected to lead demand and new supply, with the market poised to set a stronger growth trajectory compared to other APAC regions. Meanwhile, flex operators and real estate investment trusts stand to benefit from growing demand and diversification strategies.

(With inputs from agencies.)