Hyderabad office leasing reaches 13.1 million sq ft in nine months, up 50% on a year earlier, says Knight Frank

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Hyderabad office leasing reaches 13.1 million sq ft in nine months, up 50% on a year earlier, says Knight Frank

13 October 2026

A Knight Frank India report says Hyderabad recorded 13.1 million square feet of office leasing during the first nine months of 2026, a 50% year-on-year increase from 8.8 million square feet.
The volume surpasses the full-year leasing recorded in every year since 2018; the previous full-year high was 12.8 million square feet in 2019.
Global capability centres (GCCs) leased 6.2 million square feet, up 70%, and accounted for 47% of the city's total office transactions.
Flexible workspace operators expanded leasing 2.5 times to 3.5 million square feet, a 26% share.
Third-quarter leasing was 5.6 million square feet, up 92% year-on-year, and vacancy fell to 11.8% from 13.3% a year earlier.
Average transacted office rents rose 9% year-on-year to ₹82 per square feet per month in the third quarter.

Office leasing, Jan–Sep 2026: 13.1 million sq ft Growth over a year earlier: 50% GCC share of transactions: 47% Third-quarter vacancy: 11.8% Average rent per month, third quarter: ₹82 per sq ft

Why it matters for exams: Hyderabad's IT and GCC-led office boom is a standard economy fact for Telangana: remember 13.1 million sq ft, 50% growth and the 47% GCC share.

Kerala PSCUPSC

13 October 2026 Source: The Hindu

In plain words

GCC Global capability centre — An in-house centre a global company sets up in India to run technology or business work.

Knight Frank India Property consultancy — The property consultancy whose office-market report supplies these figures.