Pune Commercial Real Estate Market Overview – Q3 2026

Pune’s commercial real estate market continues to offer a dynamic environment for businesses, supported by its established business districts, expanding office locations and improving metro connectivity. The city recorded an overall office stock of 91.25 million sq. ft., with a vacancy rate of 20.1% and gross absorption of 2.4 million sq. ft. in Q3 2026.

The office market has a growing mix of conventional and flexible workspaces. Conventional office space accounted for 1.7 million sq. ft. (71%), while flex spaces contributed 0.69 million sq. ft. (29%). Among the key occupier sectors, BFSI led leasing activity with 35%, followed by IT-BPM at 19% and flexible workspace operators at 14%.

Pune’s office market spans established and emerging micro-markets, including CBD, SBD East, SBD West, PBD East and PBD West. SBD East recorded the largest office stock at 50.1 million sq. ft., while SBD West reported a vacancy rate of 3.1%. These locations offer businesses different options based on their office space requirements and preferred business districts.

The report also highlights major leasing transactions involving companies such as Tata Consultancy Services, Fiserv India, Siemens Industry and Deloitte, along with upcoming commercial developments including Godrej Yerwada and Omicron Business Landmarks. Metro connectivity across key corridors further forms part of Pune’s evolving commercial real estate landscape.

For more detailed information on Pune’s office market, micro-market performance, leasing transactions, upcoming developments and metro connectivity, download the complete Address Advisors Pune Market Overview Q3 2026 PDF.