Keydemand

India recorded one of its strongest office leasing quarters in recent years — 21.5 Mn sq. ft. leased across the country in Q1 2026. Bengaluru remained at the centre of that momentum.

The city's performance reflects more than just demand for office space. With 4.91 Mn sq. ft. leased, capturing 23% of India's total, it reflects the continued expansion of GCCs, enterprise technology teams, product organisations and R&D functions choosing Bengaluru as their growth base.

As occupiers prioritise access to talent, ecosystem depth and long-term scalability. Bengaluru remains India's preferred office market. Nearly 1 in every 4 sq. ft. leased across India last quarter was in this city.

The numbers tell the story. The underlying drivers explain why.

India just recorded one of its strongest office leasing quarters yet.

21.5Mn sq. ft. leased in Q1 2026.

But the bigger story isn't volume. It's who is driving demand.

GCCs accounted for 45% of leasing activity, reinforcing India's position as a global hub for AI, engineering, product development, and R&D. Flex continued its enterprise-led expansion, while occupiers across sectors remained active despite ongoing market uncertainty.

The market is no longer being shaped by cost arbitrage alone. It's being shaped by capability, talent, and long-term business strategy.

The question is no longer whether companies will expand in India.

It's where, why, and at what scale.

Keydemand is pleased to announce the successful closure of a corporate kitchen space for Sodexo at Guindy, Chennai.

Sodexo — one of the world's leading corporate catering services and facility management company — has secured a 16,000 sq ft for their first centralised kitchen facility in Chennai, facilitated through Keydemand.

At Keydemand, we connect businesses to the right spaces across every asset class. If you are looking for your next address — be it retail, office, F&B or any specialised commercial format — let us connect.

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