What Is Commercial Office Space?
Commercial office space is property built and zoned for business use, as opposed to residential or retail use. Companies rent it to house teams, run operations, and meet clients. Browse office space for rent across India’s main hubs.
In India, the market is dominated by Grade A stock. It made up 85.7% of the roughly 806 million sq ft of office stock as of Q1 2026 (Source: CBRE Report). For enterprise needs, the choice is rarely about grade. It is about location and operating model. Hubs such as office space in Bengaluru and office space in Hyderabad show how much location matters.
Types of Commercial Office Space for Rent in India
Grade A, Grade B and Grade C Office Buildings
- Grade A: newer buildings with high specifications, strong amenities, power backup, and institutional ownership.
- Grade B: older or mid-specification buildings with fewer amenities.
- Grade C: basic buildings with limited services, usually at lower rent.
Grade is a guide, not a guarantee. Check the actual building, not the label. Smaller teams can start with private office space inside a Grade A building.
Bare Shell, Warm Shell and Furnished Office Space
- Bare shell: structure only. You build everything.
- Warm shell: base services in place, but no interiors.
- Furnished: fitted out and ready to occupy.
The further along the shell is, the less you spend on fitout and the faster you move in.
Managed Commercial Office Space
A managed office is a dedicated space built to your specification and run end to end by a provider. One monthly charge covers design, fitout, IT, security, facilities, and compliance.
Delivery can start as early as 90 days, against six to nine months for a ground-up lease build.
Commercial Office Space for Rent vs Lease: What’s the Difference?
The terms are used interchangeably, but the commercial shape differs.
- Lease: a long-tenure agreement for a bare or warm shell, with lock-ins, a deposit, and the fitout on you.
- Rent: a bundled monthly charge for ready, operated space on shorter, more flexible terms.
A commercial office lease front-loads cost and commitment. A managed rental spreads it and keeps it flexible.
Commercial Office Rent per Sq Ft in Top Indian Cities
Rents move with each quarter and differ sharply by micromarket. Use these city averages as a starting point.
Source: Knight Frank, Q1 2026. Averages mask wide gaps within a city. In Pune, for example, CBRE puts the western IT belt at around ₹50-55 per sq ft and Kharadi at ₹91-96.
See office space in Bengaluru and office space in Hyderabad for local options.
Costs Beyond Rent: Deposits, CAM, GST and Escalations
Rent per sq ft rarely tells the full story. Budget for these as well:
- Security deposit: usually several months of rent, refundable on exit subject to conditions.
- CAM: common area maintenance charges, billed per sq ft. Rates vary by building, so ask for the number.
- GST: generally charged on commercial rent where the landlord is registered.
- Escalations: periodic rent increases, commonly built into multi-year leases.
- Fitout: Cushman & Wakefield’s 2026 guide puts it at roughly ₹5,850–6,570 per sq ft for a hybrid workplace.
- Power, parking, and exit costs: electricity, parking, and restoration at the end of the term.
Terms are negotiable and vary by landlord. Always confirm each figure in writing.
How to Choose the Right Commercial Office Space for Rent
- Start with the model. Decide between a lease, a flexible rental, and a managed office before you tour buildings.
- Match the micromarket to your talent. Commute time shapes hiring and retention.
- Check the building. Look at power backup, security, lifts, and parking.
- Compare all-in cost. Add fitout, CAM, GST, and escalations to the rent.
- Read the exit terms. Lock-in, notice period, and restoration obligations.
- Plan for growth. Look for expansion rights or flexible lease structures.
For a deeper view of the model decision, see office space for rent.
Renting Commercial Office Space With Table Space
Table Space delivers dedicated, enterprise-grade offices through a single-cheque model. It covers leasing, design, fit-out, operations, facilities management, and compliance under one agreement.
- A CBRE report cited in the DRHP records a leased area of 9.33 million sq ft as of 31 March 2026, with 98.01% in Grade A properties across 33 key office clusters in eight Tier-1 cities.
- The same report records 92.64% occupancy for mature facilities, the highest among benchmarked operators.
- Its clients are principally GCCs, Fortune 500 companies, and multinational corporations.
Teams that want an enclosed office without a full floor can look at private office space. For a quick start, Table Space also offers ready-to-move-in suites.
Comparing options for commercial office space for rent in India? Talk to the Table Space team.
