# Delhi NCR office leasing rises 16% to 3.55 million sq ft in Q2

- **Source:** Real Estate Asia
- **Published:** 2026-08-18T22:46:47.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/delhi-ncr-office-leasing-rises-16-355-million-sq-ft-in-q2
- **Topics:** Commercial & Industrial

## Featured rationale

Firm, diversified occupier demand may support premium Grade A rents in prime locations, although the 44.2 million sq ft pipeline could expand tenant choice through 2030.

## AI summary

Delhi NCR gross office leasing rose 16% quarter-on-quarter to 3.55 million sq ft in Q2 2026, while net absorption increased 39% to 2.04 million sq ft.

## Original article

Rents also grew by 7.7% year-on-year.

Delhi NCR's office market strengthened in the second quarter of 2026, with gross leasing rising 16% quarter-on-quarter to 3.55 million sq ft, according to JLL. Net absorption increased 39% from the previous quarter to 2.04 million sq ft, pointing to firm occupier demand across the region.

Flexible workspace operators led quarterly leasing with a 41% share, followed by consulting firms at 18% and IT/ITeS companies at 13%. Together, the three segments accounted for 72% of Q2 leasing, JLL said.

Gurgaon accounted for 56% of net absorption, while Noida contributed 30%. NH-8, Noida Expressway, Golf Course Extension and SBD Delhi together accounted for 71% of overall net absorption.

Delhi NCR added 1.35 million sq ft of new office space during the quarter. Gurgaon dominated completions with an 88% share, while Noida accounted for the remaining 12%. Total Grade A office stock in the region reached 167.2 million sq ft, with key Q2 completions concentrated along NH-8 and Golf Course Extension.

JLL expects the supply pipeline to remain substantial, with 44.2 million sq ft of new Grade A office space scheduled for completion between the second half of 2026 and 2030. The pipeline is being driven by major developers across Gurgaon, Noida and Aerocity in Delhi.

Office rents also continued to strengthen. Delhi NCR's Grade A rents reached INR 94.6 per sq ft in Q2, up 0.9% quarter-on-quarter and 7.7% year-on-year. JLL attributed the rental increase to healthy demand for a limited supply of Grade A assets in prime locations, allowing developers to command a premium.

The consultancy said quality developments across Gurgaon, Noida and SBD Delhi continued to attract tenants, supporting expectations of further rental growth. Demand is also becoming increasingly diversified, with co-working operators, IT/ITeS companies, consulting firms, manufacturers and financial institutions contributing to absorption.

JLL expects leasing momentum to continue through the second half of 2026, forecasting 3.8 million to 4.3 million sq ft of leasing in premium office assets in prime locations. The consultancy said demand is likely to be supported by established developers and institutional investors, while also creating scope for further rental growth.

Investment in office development is expected to remain robust, JLL said, citing strong leasing demand, improving quality standards, a solid premium-project pipeline and better transport connectivity as key drivers of the market's continued strength.

## Chinese translation

> Translation model: grok_cli

### 德里国家首都区写字楼租赁量升16%至355万平方英尺

仲量联行（JLL）称，2026年第二季度德里国家首都区写字楼市场走强，毛租赁量环比上升16%至355万平方英尺。

租金亦同比增长7.7%。

仲量联行（JLL）称，2026年第二季度德里国家首都区写字楼市场走强，毛租赁量环比上升16%至355万平方英尺。净吸纳量较上一季度增长39%至204万平方英尺，显示该地区租户需求稳健。

灵活办公运营商以41%的份额领跑季度租赁，其次是咨询公司占18%、IT/ITeS公司占13%。仲量联行表示，三大板块合计占第二季度租赁量的72%。

古尔冈（Gurgaon）占净吸纳量的56%，诺伊达（Noida）贡献30%。NH-8、诺伊达快速路（Noida Expressway）、高尔夫球场延伸路（Golf Course Extension）及德里南商务区（SBD Delhi）合计占整体净吸纳量的71%。

该季度德里国家首都区新增135万平方英尺写字楼空间。古尔冈以88%的份额主导竣工量，诺伊达占其余12%。该地区甲级写字楼总存量达1.672亿平方英尺，第二季度主要竣工项目集中在NH-8及高尔夫球场延伸路沿线。

仲量联行预计供应管道仍将充足，2026年下半年至2030年期间预计有4420万平方英尺新建甲级写字楼竣工。该管道由古尔冈、诺伊达及德里航空城（Aerocity）的主要开发商推动。

写字楼租金亦持续走强。第二季度德里国家首都区甲级租金达每平方英尺94.6印度卢比，环比上涨0.9%，同比增长7.7%。仲量联行将租金上涨归因于优质地段甲级资产供应有限而需求健康，使开发商能够索取溢价。

该咨询机构称，古尔冈、诺伊达及德里南商务区的优质项目持续吸引租户，支撑租金进一步上涨的预期。需求亦日益多元化，联合办公运营商、IT/ITeS公司、咨询公司、制造商及金融机构均对吸纳量有所贡献。

仲量联行预计租赁势头将在2026年下半年持续，并预测优质地段的高端写字楼资产租赁量将达380万至430万平方英尺。该机构称，需求有望获既有开发商与机构投资者支撑，同时亦为租金进一步上涨创造空间。

仲量联行表示，写字楼开发投资预计将保持强劲，并列举强劲租赁需求、品质标准提升、稳固的高端项目管道以及更完善的交通连通性，作为市场持续走强的关键驱动因素。