Large office transactions account for 59% of H1 2026 office leasing, Bengaluru and Hyderabad lead: Report | Real Estate News

Why this matters

The prominence of large office transactions in first-half 2026 leasing activity, accounting for nearly 60% of the market, signals a notable shift in institutional demand patterns within the office sector. While the data pertains to Indian cities Bengaluru and Hyderabad, the trend resonates with broader global CRE dynamics, including in the US, where institutional investors and occupiers are recalibrating their exposure to office assets amid evolving work patterns. Large leases typically reflect commitments from corporate occupiers with scale and credit quality, suggesting pockets of confidence in office fundamentals despite widespread concerns over remote work and space rationalization. For US allocators and capital markets professionals, this development underscores the bifurcation within office markets: prime, large-format spaces in key tech and innovation hubs continue to attract substantial leasing interest, supporting valuations and underwriting assumptions. It also hints at a selective recovery or stabilization in demand that could influence capital flows, with institutional capital likely to favor assets that can secure large, creditworthy tenants. Lending conditions may remain cautious but targeted, prioritizing office assets demonstrating resilient leasing momentum. Overall, the data point reinforces the importance of granular market and tenant analysis in navigating office sector repositioning.

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On the RET wire

• Disclosed office deal value tracked in July 2026: $22.3B across 73 reported transactions. All Office coverage →

Computed from Real Estate Trail’s own tracked coverage

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