# Office net leasing dips 20% in top eight cities, gross leasing up 1% 2026-10-10T22:36:24+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Net office leasing across India’s top eight cities fell 20% year-on-year to 36.7 million sq ft in the January-September 2026 period, according to data released by Cushman & Wakefield on 10 October. The decline was attributed to limited fresh supply of quality workspace and a high base effect. Gross leasing, however, rose 1% to a record 64.6 million sq ft, driven by demand from Global Capability Centres. Net absorption increased 26% quarter-on-quarter in the July-September quarter to 14.1 million sq ft, but was down 18% from the same quarter a year ago. Bengaluru, Hyderabad, and Ahmedabad saw net leasing rise, while Mumbai, Delhi-NCR, Pune, Chennai, and Kolkata recorded declines. GCCs leased 9.1 million sq ft in Q3, accounting for 42% of total quarterly gross leasing volume. ## Indian Opinion Analysis All three outlets carried Cushman & Wakefield’s data with neutral reporting. Rediff.com led with the 20% net leasing drop and noted supply constraints, while dtnext.in led with the 26% quarterly net absorption surge, framing the market as strong. The Economic Times covered a separate Savills report on industrial and warehousing leasing, not the same story. The different entry points reflect editorial choice, not disagreement: the first nine months show a net dip, but the quarterly trend and gross leasing both indicate continued occupier demand. GCCs and the September quarter completion pipeline are the concrete drivers to watch. ## Coverage Coverage: 3 sources, 3 neutral - rediff.com (neutral report) Leads with net leasing decline, frames market as resilient - economictimes.indiatimes.com (neutral report) Covers industrial and warehousing leasing, not office leasing - dtnext.in (neutral report) Leads with Q3 net absorption surge, emphasises quarterly momentum This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Tags: Bengaluru, Cushman & Wakefield, global capability centres, Hyderabad, Mumbai Canonical: https://indianopinion.org/office-net-leasing-dips-20-in-top-eight-cities-gross-leasing-up-1/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/office-net-leasing-dips-20-in-top-eight-cities-gross-leasing-up-1/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/