NEW DELHI: Delhi-NCR saw a notable increase in flexible office space demand in Q2 2026, with flex operators representing 45% of the region’s total office leasing, as reported by CBRE South Asia.
The area experienced total office leasing of approximately 3.6 million sq ft in this quarter, with flexible leasing contributing around 1.6 million sq ft.
Research, consulting, and analytics firms made up 17% of the leasing activities in Delhi-NCR, followed by technology occupiers at 12%. In terms of new office supply, the region added about two million sq ft.
According to CBRE, flexible leasing in Delhi-NCR has consistently increased over the past five quarters, rising from 0.3 million sq ft in Q2 2025 to 1.6 million sq ft in Q2 2026.
This trend aligns with the overall national performance of the office market. Flexible space operators emerged as the leading occupier segment across India in Q2 2026, accounting for 27% of office leasing.
Together, flex operators, technology companies, and BFSI sectors constituted nearly 63% of the total office leasing in Q2 2026 and 58% in H1 2026 throughout India.
India’s office market recorded approximately 24.6 million sq ft in quarterly absorption in Q2 2026, reflecting an 18% increase quarter-on-quarter and a 14% rise year-on-year. New supply reached around 21 million sq ft, an increase of 91% sequentially.
Delhi-NCR ranked among the top three contributors to national office leasing this quarter, alongside Bengaluru and Pune, with these three markets accounting for about 58% of India’s Q2 2026 absorption.
Global capability centers (GCC) maintained their activity in Delhi-NCR, representing 8% of pan-India GCC leasing during this quarter. GCCs accounted for 42% of India’s total office absorption in Q2 2026.
“India’s office market continues to show its structural resilience, achieving consecutive record quarters, even amid geopolitical and economic uncertainties,” stated Anshuman Magazine, chairman & CEO – India, South-East Asia, Middle East & North Africa of the company.
He noted that growth has been driven by GCCs expanding their reach and flexible space operators scaling operations across both gateway and emerging cities.
