New Delhi, August 20: Companies in India are entering a growth phase based on trust and strong business prospects. As a result, three out of four corporate office users plan to expand their office portfolios in the next two years, according to a report released on Thursday.
According to the report by CBRE South Asia Private Limited, nearly 30% of office users in India are planning a ‘significant’ expansion of their office portfolios, up from 18% last year.
The report, based on a survey conducted between April and June 2026, indicates a strong increase in expansion trends driven by trust among companies. About half of the surveyed office users are adopting strategies to enhance their real estate presence and consolidate existing assets in line with business growth.
Additionally, around one-quarter of office users plan to renew their current lease agreements in the next two years.
Respondents planning for expansion stated they aim to increase their office portfolios in India by over 30% within the next two years.
Anshuman Magazine, Chairman and CEO of CBRE (India, Southeast Asia, Middle East, and Africa), noted, “When nearly one-third of office users plan to increase their office presence by more than one-third, it signals that companies are moving towards structural changes in their real estate strategies in India, not just cyclical ones.”
He added that the total available office space has already surpassed 1 billion square feet. This enthusiasm from companies reflects their ongoing confidence in India as a long-term destination for corporate growth.
Ram Chandnani, Managing Director of Leasing Services at CBRE India, emphasized the breadth of this expansion. He stated that this growth is not limited to any specific sector but is tied to companies’ operational needs.
“Approximately 63% of large office users are planning expansion and consolidation in the next two years. This is likely to increase office demand in both established and emerging micro-markets,” he said.
The Indian office market has shown robust performance in recent years. In the second quarter of 2026, gross leasing reached a record 24.6 million square feet, marking an 18% increase from the previous quarter and a 14% rise compared to the same quarter last year.
This led to a total office absorption of 45.5 million square feet in the first half of 2026, the highest level ever recorded for a half-year period and about 10% higher than the first half of 2025.
Global Capability Centers (GCCs) have been the largest contributors to this growth, accounting for 42% of office leasing in the quarter with a record demand of 10.3 million square feet. Meanwhile, the share of flex operators stood at 27%.
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ABs
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