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Who’s Leasing Where: NCR Office Tenant Report
A few hundred large tenancies take nearly half of all named leased office space in Delhi NCR. Tenancies above 50,000 sq ft are 4% of the total and hold 45% of leased space. This report draws on Officea’s own lease database of 1,422 office buildings in Gurugram, Noida and Delhi.
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Five pages with the charts, the 18-corridor scorecard and guidance for occupiers. Updated 28 October 2026. We email the report to the address you enter.
Headline findings
- Size: 534 tenancies of 50,000 sq ft or more hold 45% of named leased space; 7,725 tenancies under 5,000 sq ft (62% of all tenancies) hold 10%.
- Sectors: IT, software and technology firms are the largest identified group at 20% of named leased space, followed by banking, finance and insurance at 12% and flex operators at 9%.
- Flex: flexible-workspace operators hold 29% of named leased space on Golf Course Road, the highest of any large corridor.
- Reach: 186 companies occupy space in three or more buildings, and 34 are present in all three of Gurugram, Noida and Delhi.
- Corridors: Cyber City, NH-8 Primary and Golf Course Road have 94–97% of listed space reported leased; Noida Expressway has 43%.
Small tenancies drive the count. Large ones drive the space.
62% of tenancies are under 5,000 sq ft, yet 534 tenancies of 50,000 sq ft and above take nearly half of all leased space.
Tenancy size in sq ft. Officea Lease Database, 28 Oct 2026 · 12,553 tenancies (one company in one building) in 1,422 office buildings.
Corridor scorecard
Cyber City, NH-8 Primary and Golf Course Road have 94–97% of listed space reported leased, while Noida Expressway, the largest corridor by listed area, shows 43%.
| Corridor | City | Listed area (m sq ft) | Reported leased | Named tenants | Top 10 share | Largest sector |
|---|---|---|---|---|---|---|
| Noida Expressway | Noida | 56.1 | 43% | 1,492 | 20% | IT and technology |
| Golf Course Extension | Gurugram | 23.1 | 58% | 1,110 | 23% | IT and technology |
| Noida Sector 57–67 | Noida | 20.3 | 78% | 1,320 | 20% | IT and technology |
| NH-8 Primary | Gurugram | 18.3 | 94% | 349 | 32% | IT and technology |
| Udyog Vihar | Gurugram | 15.8 | 75% | 635 | 23% | IT and technology |
| Cyber City | Gurugram | 15.5 | 97% | 460 | 22% | IT and technology |
| Sohna Road | Gurugram | 9.3 | 74% | 512 | 36% | IT and technology |
| Golf Course Road | Gurugram | 7.4 | 94% | 517 | 26% | Banking and finance |
| Noida Sector 16, 16A & 16B | Noida | 5.8 | 83% | 266 | 41% | IT and technology |
| Old Delhi Gurgaon Road | Gurugram | 5.3 | 77% | 41 | 72% | IT and technology |
| MG Road | Gurugram | 4.4 | 85% | 533 | 25% | Aviation and travel |
| Southern Peripheral Road (SPR) | Gurugram | 4.4 | 35% | 222 | 53% | Aviation and travel |
| Connaught Place | Delhi | 3.9 | 86% | 1,171 | 10% | Banking and finance |
| Netaji Subhash Place | Delhi | 3.6 | 60% | 814 | 15% | Banking and finance |
| Noida Sector 1–11 | Noida | 3.5 | 82% | 304 | 25% | Banking and finance |
| NH-8 Secondary | Gurugram | 3.0 | 32% | 31 | 76% | IT and technology |
| Gwal Pahari | Gurugram | 2.7 | 80% | 105 | 64% | BPM and shared services |
| Delhi Aerocity | Delhi | 2.1 | 96% | 82 | 51% | Banking and finance |
Top 10 share is the top 10 tenants’ share of leased space. Reported leased is the share of listed unit area marked leased in the database, including units with a placeholder tenant; it is not a market vacancy rate. Largest sector excludes flex operators, retail and amenity occupiers, and unclassified tenants.
What it means for occupiers
- Needing 10,000 sq ft or more: Cyber City (97%), Golf Course Road (94%) and NH-8 Primary (94%) have the least reported vacant space, so widen the shortlist to Golf Course Extension, Sector 57–67 and Udyog Vihar early.
- Needing under 5,000 sq ft: these tenancies are 62% of all tenancies, so choice is wide; flex operators and small-floor buildings serve most of this demand.
- Choosing a flex operator: operators hold 29% of leased space on Golf Course Road and 20% in Gwal Pahari, so those two corridors have the largest flex presence.
- Expanding across cities: 306 companies already occupy space in two or more cities, which makes a standard layout and fit-out specification worth agreeing once.
Officea turns a shortlisted building into a costed layout: start with the complimentary floor plan audit or the cost calculator and office layout planner. See also the best office locations in Delhi NCR and our Delhi NCR areas.
About this data
- Source: Officea’s own lease database, compiled from licensed commercial property data, as of 28 Oct 2026.
- Scope: 1,422 office buildings in the IT/ITeS, commercial, corporate and SEZ categories, with 22,665 units and 218.8 million sq ft of listed unit area; 149.9 million sq ft (68.5%) is reported leased.
- Named tenants: 140.6 million sq ft of leased space is attributed to 11,414 named companies; 9.0 million sq ft is leased to placeholder or unnamed occupants and is excluded from tenant figures.
- Tenancy: one company in one building, with the area of all its units in that building added together.
- Sectors: assigned from company names; 75% of named leased space is classified and the rest is shown as unclassified.
- Coverage: the database covers listed buildings in Gurugram, Noida and Delhi, so shares describe this database and not the whole market.