Bengaluru has solidified its position as India's premier office market in the January-March quarter of 2026, leasing 5.3 million sq ft of office space, which marks a 24.7% increase from 4.3 million sq ft during the same period last year. The city captured 24.8% of the national leasing volumes, with Global Capability Centres (GCCs) contributing a remarkable 70% of this demand, the highest concentration in two years, according to a report by JLL. Following Bengaluru, Mumbai accounted for 19.5%, Hyderabad 16.8%, Pune 14.5%, and Delhi NCR 14.2% of national leasing activity. The report also highlighted that Bengaluru's net absorption surged by 52% to 4.9 million sq ft, which represents 36% of India's total net absorption. This trend indicates a robust demand for office space as multinational firms increasingly establish engineering, AI, and product development hubs in the city. Meanwhile, national gross leasing reached 21.5 million sq ft, reflecting a 10.2% year-on-year increase, with GCCs being the largest occupier category at 45.5% of total leasing. The overall vacancy rate across India has decreased to a five-year low of 14.7%, showcasing strong demand against limited new supply.