Bengaluru office absorption crosses 4 million sq ft in a single quarter

Bengaluru recorded its strongest quarter of net office absorption in three years, with technology occupiers and global capability centres accounting for the bulk of take-up.

Where the demand landed

Outer Ring Road and Whitefield together absorbed more than half of all space leased. Both submarkets continue to benefit from established transit access and a deep bench of Grade A supply.

What it means for occupiers

Landlords in the strongest micro-markets have started to firm up on rent-free periods and fit-out contributions. Occupiers planning a 2027 move should expect less flexibility on the commercial terms that were routinely available two years ago.

The negotiating room that occupiers enjoyed through the slow years is closing in the top submarkets, and closing fastest where the transit works.

Secondary micro-markets remain considerably more negotiable, and are worth a serious look for teams whose headcount does not need to sit on the Ring Road.