Office vacancy across India’s top eight cities averaged 13.85 per cent in Q1 2026, slipping below the 14 per cent threshold for the first time since the pandemic driven by sustained occupier demand and a sharp moderation in new supply, a report said on Wednesday. 

The report from commercial real estate services firm Cushman; Wakefield said vacancy declined by about 48 basis points quarter‑on‑quarter and around 191 basis points year‑on‑year in Q1 2026. It also marked the eleventh consecutive quarter of compression.