Bengaluru has cemented its position as India’s leading office market in the January–March quarter of 2026, driven by strong demand from Global Capability Centres (GCCs), flexible workspace operators, and multinational firms.

According to JLL, the city accounted for 24.8% of national leasing volumes and an impressive 70% share of GCC leasing, marking its highest concentration in two years, as a series of large-ticket deals boosted overall absorption.

Bengaluru leased 5.3 million sq ft of office space in Q1, up 24.7% compared to 4.3 million sq ft last year, the JLL report said.

A series of large-ticket transactions reported in the first quarter saw flexible workspace operators, global financial firms, aerospace majors and technology companies lease significant office space across Bengaluru, according to a report by The Hindustan Times.

Managed workspace provider Enzyme Office Spaces leased a total of 3.4 lakh sq ft across multiple micro-markets in Bengaluru at a combined monthly rent of ₹2.5 crore for a 10-year term. The portfolio includes 1.8 lakh sq ft in Whitefield, 1.5 lakh sq ft in HSR Layout and 16,000 sq ft in Hebbal. The company plans to sublease these spaces to GCCs and startups, targeting ₹50 crore in annual revenue in the next financial year.

The leases were executed between February 14 and March 5 and have a 10-year term. The company follows a core strategy of leasing properties, furnishing them, and offering them as managed office or enterprise solutions.

Morgan Stanley Advantage Services leased approximately 1.6 lakh sq ft at a prominent office park along the Outer Ring Road–Sarjapur corridor for a monthly rent of ₹1.92 crore over nearly five years, according to documents accessed by Propstack.

The deal, covering two upper floors, translates to a rental rate of about ₹121 per sq ft and includes a security deposit of around ₹11.89 crore.

The lease commenced on January 10, 2026, for a term of five years. Morgan Stanley Advantage Services Private Limited will pay a monthly rent of approximately ₹1.92 crore at ₹121 per sq ft. The tenant has also paid a security deposit of about ₹11.89 crore, the document showed.

Airbus India strengthened its presence in Bengaluru with a lease of over 1.51 lakh sq ft at Titanium Tech Park, taking its total footprint in the campus to nearly 8 lakh sq ft, according to lease documents accessed by CRE Matrix.

The eight-year lease carries a monthly rent of about ₹97.09 lakh at ₹64 per sq ft. The lease for the 3rd and 4th floors commenced on January 1, 2026, with rent payments starting from May 1, 2026. The ground-floor lease began earlier, on November 1, 2025, with rent commencing on March 1, 2026. Both leases run until October 31, 2034.

For the upper floors, the monthly rent is ₹73.57 lakh, while the ground floor commands ₹23.52 lakh per month, resulting in a combined monthly rent of nearly ₹ 97.09 lakh. The security deposit is approximately ₹4.75 crore for the 3rd and 4th floors and ₹1.52 crore for the ground floor.