Delhi-NCR Office Market Analysis (Q1 2026)
Delhi-NCR Office Market Analysis (Q1 2026) Comprehensive Insights & Submarket Dynamics English 한국어 1. Comprehensive Market Overview Backed by solid macroeconomic indicators—including a 7.80% GDP growth in Q3 FY25-26, CPI inflation at 3.21%, and a Services PMI of 58.2—the Delhi-NCR office market continues to show resilience [cite: 1, 2] . As of Q1 2026, the gross leasing volume (GLV) reached 2.8 million sq. ft., reflecting a 36% quarter-on-quarter increase [cite: 2] . Net absorption stood at 1.51 million sq. ft. [cite: 2] . The market is driven by large space requirements, with deals over 100,000 sq. ft. comprising 48% of the activity [cite: 1] . Flexible workspace operators led the demand at 27%, and significantly, all flex space deals in Q1 comprised fresh take-up rather than renewals, highlighting strong occupier confidence [cite: 1, 2] . 2. Submarket Dynamics & Key Movers Gurugram dominated the region, capturi...