CBRE: India’s Office Market To Exceed 1 Billion Sq Ft, Led By Tech Parks

India’s office real estate market is on track to surpass a major milestone in 2026, with total commercial office stock expected to exceed 1 billion square feet for the first time, according to a new report by global property consultancy CBRE. The firm’s outlook underscores the resilience and expansion of India’s workplace sector, driven primarily by technology parks and demand from global and domestic occupiers.

The projected milestone builds on strong leasing momentum seen in recent years, with 2025 recording high absorption and supply activity across major metropolitan regions such as Bengaluru, Mumbai, Delhi‑NCR, and Hyderabad. These cities, which collectively account for a significant share of India’s office footprint, have attracted large commitments from Global Capability Centres (GCCs) and tech companies, sustaining robust demand.

CBRE’s analysis highlights that a sizeable portion of future office supply — approximately 65–68 % — is expected to emerge from integrated technology parks and campus‑style developments during the 2026‑27 period. These projects, often designed to support large‑scale corporate occupiers and IT firms, are becoming central to India’s commercial real estate expansion strategy.

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Industry observers say that the rising demand for flexible, Grade A office space reflects broader economic trends, including the resurgence of in‑office work and continued investments by multinational firms. Real estate data from prior quarters also showed record leasing volumes in 2025, suggesting sustained occupier confidence despite global economic uncertainties.

The push toward tech parks, which can include large campus complexes such as those in Bengaluru’s Manyata Embassy Business Park or Chennai’s International Tech Park, aligns with corporate preferences for modern infrastructure, connectivity, and integrated amenities. These hubs are increasingly preferred by IT/ITES companies, GCCs, and services firms seeking efficient space for growth.

Analysts also note that India’s office market growth could help solidify the country’s position among the world’s largest commercial real estate landscapes. As supply volumes expand and leasing trends remain positive, key urban centres are expected to see continued investments from both domestic developers and foreign institutional players.

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