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.
India’s office leasing momentum held firm in January–March despite global headwinds, with JLL India reporting gross leasing up 10% and net leasing up 7% across seven major cities. The uptick suggests tenants are still expanding or renewing space, keeping demand relatively strong even as broader economic uncertainty persists.
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