In the third quarter of 2026, net office absorption across India's eight key cities dropped to 14.1 million sq ft, with Hyderabad and Bengaluru leading the way in significant uptake. The gross leasing volume peaked at around 22 million sq ft, marking the highest for 2026 to date. Global capability centres notably influenced leasing trends, predominantly within the IT and BFSI sectors. The national vacancy rate registered at 14.
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