An office worker sits at a desk in a large, modern office space in an Indian city.
India’s top eight cities experienced a 24% dip in net office leasing during January-March 2026, according to Cushman & Wakefield (C&W). The decline is attributed to reduced demand and challenges in the availability of new office spaces.
Despite the slowdown, overall leasing activity showed an increase, with global companies remaining key drivers of demand. Experts anticipate a stable market, projecting that ongoing demand will continue to outpace new supply.
The figures reflect a shifting dynamic in India’s commercial real estate sector, where leasing activity is closely watched by investors and developers. The balance between demand and supply will be critical in shaping market conditions in the coming years.
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