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of <h1>Office Space Vacancy Hits 17.5% in Hyderabad, Delhi-NCR Follows with Significant Unoccupied Commercial Real Estate</h1> Vestian real estate consultancy reports office space vacancy across seven major Indian cities. Hyderabad leads with 284 lakh sq ft vacant space, representing 17.5% of its total 1,620 lakh sq ft office stock. Delhi-NCR follows with 232 lakh sq ft vacant space. Other cities like Bengaluru, Chennai, Mumbai, Kolkata, and Pune show varying vacancy rates. Office space leasing increased 34% in the first quarter of 2025, with sustained demand expected from global capability centers, IT, banking, and flexible workspace sectors.
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