Pune Office Leasing Slows in Q1 2026, Rents Rise Amid Supply Crunch

**Pune office rents jumped 6% to ₹88 per sq ft last quarter!** That's a pretty interesting twist, isn't it? Even though office space absorption slowed down quite a bit, dropping from 20 to 11 lakh sq ft year-on-year, rents still climbed by a solid 6%. It seems the real story here is a sharp drop in new supply, coupled with a consistent hunger for quality spaces, especially from Global Capability Centers which are driving over half the demand. What does this tell us about Pune's commercial real estate market? Are we seeing a robust underlying strength that can weather slower absorption, or is this just a temporary blip before things truly cool down? For those of us looking at Pune property, how do these dynamics impact our decisions, particularly for commercial investments or even the ripple effect on residential? In your opinion — is this positive or negative for buyers?