According to a report by CBRE South Asia Pvt Ltd, about 30 per cent of office users are planning to 'significantly' expand their office portfolio in India, compared to 18 per cent last year.
Based on a survey conducted between April and June 2026, the report said that there has been a strong increase in the trend of expansion based on trust among companies. Nearly half of the office users surveyed are adopting a strategy to expand their real estate presence and consolidate existing assets as their business grows.
Meanwhile, nearly a quarter of office users plan to renew their existing lease agreements in the next two years. Respondents planning expansion said they want to expand their office portfolio in India by more than 30 percent in the next two years.
“With nearly one-third of office users planning to increase their office footprint by more than one-third, it signals that companies are moving towards a structural and not just a cyclical change in their real estate strategy in India,” said Anshuman Magazine, Chairman and CEO (India, South-East Asia, Middle East and Africa), CBRE.
He said the total available space in the office sector has already crossed the 1 billion sq ft mark. In such a situation, this enthusiasm of companies reflects their continued confidence in India as a long-term destination for corporate growth.
Ram Chandnani, Managing Director of Leasing Services in India at CBRE, emphasized the magnitude of this expansion. He said that this expansion is not limited to any one region or companies coming from a particular sector, rather its need is linked to the operational needs of the companies.
“About 63 per cent of large-sized office users are planning expansion and consolidation in the next two years. This is likely to drive demand for office space in both established and emerging micro-markets,” he said.
The Indian office market has performed strongly over the last few years. Second, gross leasing in 2026 reached a record high of 24.6 million square feet, up 18 percent from the previous quarter and 14 percent from the same quarter last year.
This takes the total office absorption in H1 2026 to 45.5 million sq ft, the highest ever for any half year and nearly 10 per cent more than H1 2025.
Global Capability Centers (GCCs) remain the largest contributor to this growth. They achieved 42 per cent share of office leasing in the quarter and recorded a record demand of 1.03 crore sq ft. At the same time, the share of flex operators was 27 percent.