GCC demand pushes India office rentals up 9%, vacancies fall to 15% across top cities

Average office rentals across top seven Indian cities rose to Rs 96 per sq. ft. per month in H1 2026 from Rs 88 a year earlier, a 9% increase.

Overall vacancy in these cities declined from 16.3% to 15% in the same period.

Demand from Global Capability Centers (GCCs) drove the rental increase and vacancy reduction.

The report covers seven unnamed top cities; exact names not provided in source.