Hyderabad has experienced a substantial boom in its office space market, leasing 13.1 million square feet between January and September 2026. This figure represents a 50% increase compared to the 8.8 million square feet leased during the same period in the prior year.
According to Knight Frank India, Hyderabad secured the second position among India's eight major office markets, trailing only Bengaluru. The average rental rates for office spaces in the city also saw an increase of 9%, reaching ₹82 per square foot per month.
This rapid expansion in office leasing, particularly driven by the GCC sector, is prompting smaller firms to re-evaluate their office space strategies. The information is based on a report by Hyderabad Mail.
