Hyderabad records 50% rise in office leasing, crosses 13.1 million sq ft in nine months of 2026: Knight Frank

Global capability centres (GCCs) accounted for 47% of Hyderabad’s total office transactions, compared with 42% in the same period in 2025. The image is used for representative purposes only. | Photo Credit: GETTY IMAGES

Hyderabad recorded 13.1 million square feet of office leasing during the first nine months of 2026, registering a 50% year-on-year increase and surpassing the full-year leasing volumes recorded in every year since 2018, according to a report by Knight Frank India.

The city recorded transactions covering 8.8 million square feet during the corresponding period in 2025. The leasing volume between January and September 2026 also exceeded the previous full-year high of 12.8 million square feet recorded in 2019.

GCCs account for 47% of Hyderabad total office space transactions

According to the report, global capability centres (GCCs) continued to drive demand, leasing 6.2 million square feet during the nine-month period, a 70% increase over the corresponding period last year. GCCs accounted for 47% of the city’s total office transactions, compared with 42% in the same period in 2025. Hyderabad’s share of India’s GCC leasing also increased to 23% from 15%.