India's office leasing to remain resilient, to hit 85-90 million sq ft in 2026-27

Why this matters

India’s office leasing outlook, projected to reach 85-90 million square feet by 2026-27, underscores a broader narrative of resilience in global office markets outside the US and Europe. For US institutional investors, this signals the potential for sustained capital flows into emerging-market office assets, where demand dynamics may diverge from the more challenged Western markets. The forecast suggests that occupier demand in India’s office sector remains robust despite global economic uncertainties and the ongoing recalibration of office space needs post-pandemic. From a capital-markets perspective, this resilience could attract cross-border institutional capital seeking diversification and higher growth prospects amid compressed yields and structural headwinds in mature markets. It also points to the importance of understanding regional variations in office fundamentals, where factors such as demographic trends, economic growth, and corporate expansion in technology and services sectors continue to underpin leasing activity. For lenders, sustained leasing momentum in India’s office market may support more confident underwriting and financing terms, contrasting with the retrenchment seen in US office lending. Overall, the projection invites allocators to reassess geographic allocations within office portfolios, balancing risk and return in a bifurcated global landscape.

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On the RET wire

• Disclosed office deal value tracked in June 2026: $9.2B across 60 reported transactions. All Office coverage →

Computed from Real Estate Trail’s own tracked coverage

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