# Bengaluru rents rise as office fundamentals remain resilient despite Q2 blip

- **Source:** Real Estate Asia
- **Published:** 2026-08-18T22:33:59.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/bengaluru-rents-rise-office-fundamentals-remain-resilient-despite-q2-blip
- **Topics:** Commercial & Industrial, Investment & Capital Markets

## Featured rationale

Continued rental growth amid rising supply and softer quarterly leasing signals resilient premium-space demand, which may sustain investor interest while increasing competition in newly supplied submarkets.

## AI summary

Bengaluru office rents rose 5.4% year-on-year in Q2 2026 despite leasing falling 24% quarter-on-quarter and vacancy increasing 80 basis points to 11.4%.

## Original article

Rents increased by 5.4% in Q2.

Bengaluru's office market recorded a temporary slowdown in the second quarter of 2026, with leasing volumes falling 24% quarter-on-quarter to 4.1 million sq ft, according to JLL. Despite the quarterly dip, the property consultancy said first-half leasing remained stronger year-on-year, suggesting the softness could be a short-term blip.

JLL attributed the Q2 moderation to uncertainty around corporate portfolios and headcount projections, driven partly by AI adoption and geopolitical developments affecting business decision-making.

The technology sector accounted for 50% of quarterly leasing, followed by flexible workspace operators at 26%. The city's SBD submarket dominated take-up with a 76% share, with the SBD City cluster alone accounting for 44.1% of leasing within the submarket.

New office supply surged 73% year-on-year to 5.8 million sq ft in Q2. SBD accounted for 5 million sq ft, or 85.6% of quarterly additions, while Electronic City contributed 13%. Within SBD, the ORR South East cluster accounted for half of new supply.

The influx of space, combined with slower leasing and limited pre-leasing in newly completed buildings, pushed overall office vacancy to 11.4%, up 80 basis points quarter-on-quarter. JLL noted that vacancy increased in SBD and Electronic City as new supply came online, while Whitefield recorded a quarter-on-quarter decline.

Rental growth, however, remained positive. Average rents rose 0.7% quarter-on-quarter and 5.4% year-on-year, with Whitefield recording the strongest quarterly increase at 1.3%. The CBD posted the highest annual rental growth at 9%.

According to JLL, fresh leasing in premium-grade buildings in prime locations continued to support rental momentum despite near-term softness. Strong investor interest in office assets also continued, with yields compressing by 20 basis points year-on-year.

Looking ahead, JLL expects Bengaluru to remain one of India's most active office markets, supported by expansion by global companies in technology and back-office operations. The consultancy expects future demand to broaden across manufacturing, healthcare, BFSI, flexible workspaces, engineering and R&D, alongside changing workplace requirements.

JLL expects new supply to continue entering the market while robust leasing supports rental growth. It also sees capital values rising as sustained occupier demand and resilient fundamentals attract both domestic and international investment.

## Chinese translation

> Translation model: grok_cli

### 尽管第二季度短暂受挫，班加罗尔租金上涨，写字楼基本面仍保持韧性

班加罗尔写字楼市场在2026年第二季度出现暂时放缓，租赁量环比下降24%，至410万平方英尺，

租金在第二季度上涨5.4%。

据仲量联行（JLL）称，班加罗尔写字楼市场在2026年第二季度出现暂时放缓，租赁量环比下降24%，至410万平方英尺。尽管季度有所回落，该房地产咨询机构表示，上半年租赁同比仍更强劲，表明此次疲软可能只是短期波动。

仲量联行将第二季度的放缓归因于企业投资组合与人员编制预测方面的不确定性，部分受人工智能采用以及影响商业决策的地缘政治发展驱动。

科技行业占当季租赁量的50%，其次是灵活办公空间运营商，占26%。该市SBD子市场主导吸纳量，占比76%，其中仅SBD City集群就占该子市场租赁量的44.1%。

第二季度新增写字楼供应同比激增73%，达580万平方英尺。SBD贡献500万平方英尺，占当季新增供应的85.6%，电子城（Electronic City）贡献13%。在SBD内部，ORR东南集群占新增供应的一半。

空间涌入叠加租赁放缓以及新竣工楼宇预租有限，推动整体写字楼空置率升至11.4%，环比上升80个基点。仲量联行指出，随着新供应入市，SBD和电子城空置率上升，而怀特菲尔德（Whitefield）则录得环比下降。

不过，租金增长仍保持正向。平均租金环比上涨0.7%、同比上涨5.4%，其中怀特菲尔德录得最强劲的季度涨幅，达1.3%。中央商务区（CBD）录得最高的年度租金涨幅，达9%。

据仲量联行称，尽管短期有所疲软，优质地段甲级楼宇的新租赁继续支撑租金动能。对写字楼资产的强劲投资者兴趣也在延续，收益率同比收窄20个基点。

展望未来，仲量联行预计班加罗尔仍将是印度最活跃的写字楼市场之一，受全球企业在科技与后台运营领域扩张的支撑。该咨询机构预计，未来需求将在制造业、医疗健康、银行金融服务业及保险业（BFSI）、灵活办公空间、工程与研发等领域拓宽，同时职场需求也在变化。

仲量联行预计新供应将继续入市，而强劲租赁将支撑租金增长。该机构亦认为，随着持续的租户需求和具韧性的基本面吸引国内外投资，资本价值将上升。