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India office market swings to Grade A as premium rentals surge and older stock loses out
Economy
Published on 15 May 2026
Grade A rents are now up to 20% higher
India’s office market is bifurcating sharply as Grade A rentals climb and corporate tenants increasingly bypass mid-tier and older buildings. Anarock data show Grade A monthly rentals rose 6% in 2025 to Rs 92 per sq ft, reaching Rs 93 in Q1 2026 across the top seven cities. Net leasing accelerated to 58.2 million sq ft in 2025, up 17% YoY, with MNC-led GCC projects boosting leasing share and pushing vacancies down.
- Grade A rentals rose 6% in 2025 to Rs 92 per sq ft
- Q1 2026 average monthly rentals across top seven cities hit Rs 93
- Net leasing in top seven cities reached 58.2 million sq ft in 2025
- Grade A office vacancy improved to 16.1% in 2025 from 16.5%
- GCCs expanded their share of gross leasing to 41% in 2025
- Delhi NCR saw MNC leasing of nearly 51 lakh sq ft by early 2025
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times