Professionals analyzing office blueprints on an interactive table in a modern Indian office.
Office rental rates in key Indian commercial hubs, specifically Bengaluru and Delhi-NCR, have now surpassed the significant milestone of ₹100 per square foot per month. This achievement underscores a strong and sustained demand for high-quality office spaces that is currently outstripping the available supply in these metropolitan areas.
The trend indicates a maturing commercial real estate market where prime locations and premium amenities command higher rental values. Mumbai has already been operating above this rental threshold, suggesting a broader upward movement in office leasing costs across major Indian cities.
According to Knight Frank’s analysis, early 2026 saw an annual increase in office rents ranging from 2 to 15 percent across eight major cities in India. This period also witnessed record-breaking leasing activity, reaching 29 million square feet, further highlighting the dynamic and growing nature of India’s office space market.
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