Office Leasing Up 7% to 41.6M sq ft in H1 2026: Report
NEW DELHI: Office space absorption in India’s six major cities reached 41.6 million sq ft in the first half of 2026, showing a 7% increase compared to the previous year, as reported by Savills India. The report specifies that these leasing figures pertain only to new transactions, excluding pre-commitments and renewals. The first half of 2026 saw new office supply at 23.7 million sq ft, marking a 5% year-on-year decline. As of Q2 2026, India’s total Grade-A office stock stood at 872.7 million sq ft, with overall vacancy rates declining from 14.7% to 13.2% compared to the same period last…