Bengaluru MarketBeat Reports

Bengaluru’s office market sustained strong momentum in Q2 2026, recording a gross leasing volume of 5.6 MSF, driven by healthy occupier demand and robust GCC activity. Global Capability Centres accounted for 52% of quarterly leasing, while engineering and manufacturing, BFSI, and IT-BPM firms remained key demand drivers. Outer Ring Road and Peripheral East continued to attract the highest office leasing activity. Net absorption remained strong at 3.5 MSF, supported by fresh leasing and pre-commitments. Record Grade A office supply of 5.8 MSF in Q2, while office rentals continued to be appreciated, reflecting sustained demand for quality commercial real estate in Bengaluru.

Bengaluru recorded retail leasing of ~0.25 MSF in Q2 2026, up 19% q-o-q and 42% y-o-y. Main streets dominated with a 68% share, driven by robust activity across prime locations such as Indiranagar, Brigade Road, Koramangala and Sarjapur Road. Malls contributed 32% of leasing, led by leasing at Bhartiya Mall, Phoenix Mall of Asia, Phoenix Market city and VR Mall. For H1 2026, leasing reached ~0.47 MSF, reflecting healthy demand. With no new mall supply, Grade A vacancy tightened to 3.3%.

Bengaluru recorded 12,544 residential launches in Q2 2026, indicating steady market momentum with moderate annual growth of 4%. The South submarket led with a 38% share, driven by strong activity across Electronic City, Bannerghatta Road and Kanakapura Road. North submarket followed with 28%, while East contributed 26%, supported by demand across key corridors such as Whitefield. Total launches crossed 25,000 units in H1 2026, marking a record first half.

Bengaluru recorded ~1.9 MSF of warehouse leasing in H2 2025, led by strong activity in Hoskote and Nelamangala. 3PL (41%) and retail (30%) remained key demand drivers. Supply additions stayed healthy at ~2 MSF, with rentals rising 4–5% YoY and land values up 9–10%. Industrial leasing also strengthened, reaching ~0.8 MSF, driven by robust activity in Jigani and Devanahalli

Cushman & Wakefield India Capital MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.