India's Office Space Boom: Occupied Stock Hits 917.7 Million Sq Ft
India's occupied office space grew by 7% to 917.7 million sq ft, with Pune hitting a major 100 million sq ft milestone, per Knight Frank.
India's commercial real estate sector continues its upward trajectory, with India occupied office space across eight major cities growing by 7 per cent year-on-year. According to the latest data from property consultancy Knight Frank India, the total occupied stock reached 917.7 million square feet as of September 2026.
This growth represents an increase of 58.3 million square feet compared to the 859.4 million square feet recorded in September 2025. The surge underscores a persistent demand for commercial spaces as businesses expand and adapt to evolving workplace needs.
The Heavyweights: Bengaluru and NCR
Bengaluru continues to dominate the landscape, maintaining its status as the largest office market in the country. The city saw its occupied office stock rise by 9 per cent, jumping from 208.3 million square feet to 227.9 million square feet over the past year.
The National Capital Region (NCR) holds the position of the second-largest market with 178.3 million square feet. However, the pace of growth in the capital region was the slowest among the eight tracked cities, recording a modest increase of 2 per cent.
Pune Hits a Historic Milestone
In a significant development for the commercial real estate sector, Pune has officially crossed the 100 million square feet mark. The city's occupied office stock grew by 9 per cent, rising from 92.4 million square feet to 101 million square feet.
"Pune crossing 100 million sq ft of occupied office stock is an important milestone for the market, reflecting its growing scale as a commercial real estate destination," stated Viral Desai, International Partner and Senior Executive Director at Knight Frank India.
City-Wise Performance Breakdown
While the overall trend is positive, the rate of expansion varied significantly across different urban hubs:
- Hyderabad: Emerged as the fastest-growing market, with an 11 per cent increase, bringing its total occupied stock to 119.8 million square feet.
- Mumbai: Registered a 5 per cent growth, reaching 148.2 million square feet.
- Chennai: Saw a 5 per cent rise, totaling 89.5 million square feet.
- Ahmedabad: Recorded a strong 10 per cent growth, reaching 28 million square feet.
- Kolkata: Witnessed a 9 per cent increase, bringing its stock to 25 million square feet.
Resilience Amidst Evolution
The data suggests that India's office markets are demonstrating remarkable resilience. Viral Desai noted that this growth is being driven by steady business expansion and the changing requirements of occupiers regarding how they utilize their physical workspaces.
The findings highlight that while traditional business hubs remain dominant, the appetite for commercial space is extending into smaller markets, though the pace of this expansion remains uneven across the country.