Large Office Deals Account for 59 per cent of H1 2026 Leasing

30 Jul 2026 CW Team

Large office transactions of 100,000 sq ft and above anchored India's commercial office market in H1 2026, accounting for 28.2 million (mn) sq ft across eight leading cities and representing 59 per cent of the total 48.0 million (mn) sq ft leased. The pattern indicated a sustained preference among large occupiers for Grade A assets and campus style workplaces. The Knight Frank India report underlined the role of large-format deals in driving market absorption.

Bengaluru remained the largest leasing market with 10.1 mn sq ft of large-format transactions, which made up 72 per cent of the city's total leasing. Activity eased from the very strong levels seen in H1 2025, yet the city continued to attract global capability centres and large corporates seeking expansive, technology enabled campuses.

Hyderabad and the National Capital Region each recorded four point nine mn sq ft of large office leasing, contributing 65 per cent and 68 per cent respectively to their cities' absorption, and Hyderabad registered the fastest growth among the major markets. Leasing of spaces above 100,000 sq ft in Hyderabad rose by 63 per cent year on year, up from three mn sq ft to four point nine mn sq ft, signalling stronger demand from global capability centres and other large firms. Mumbai posted 3.1 mn sq ft in large-format deals, equal to 42 per cent of its office leasing.

The mid sized segment between 50,000 sq ft and 100,000 sq ft accounted for nine mn sq ft or 19 per cent of overall leasing, led by Bengaluru at two point three mn sq ft, followed by Mumbai and Hyderabad. Smaller spaces below 50,000 sq ft totalled 10.8 mn sq ft, or 22 per cent of leasing, with Mumbai and Bengaluru among the top markets. A related leasing example cited a long term Hyderabad deal with total rent exceeding Rs 10 billion (bn), highlighting the value attached to some large format commitments.

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