Commercial Leasing Trends Evolve to Keep Pace with Development in Noida, Greater Noida

Noida, January 22, 2026: Noida and Greater Noida’s commercial leasing momentum is being decisively shaped by infrastructure-led connectivity rather than mere geographic advantage. The expansion of metro corridors, seamless access via the Noida-Greater Noida Expressway and Yamuna Expressway, and the upcoming Noida International Airport at Jewar are fundamentally altering how brands evaluate leasing decisions.

For occupiers, connectivity has emerged as a strategic cost lever, reducing commute times, widening the talent catchment, and improving operational efficiency across business functions. As a result, leasing interest is gravitating towards well-connected micro-markets that offer predictable mobility, future scalability and long-term value, positioning Noida and Greater Noida as compelling alternatives to traditional NCR commercial hubs.

As per Knight Frank, in 2025, NCR recorded its highest-ever office leasing with around 7.2 million square feet absorbed. The growth was led by a surge in corporate expansion, particularly from Global Capability Centres and domestic occupiers, reflecting strong business confidence in the region’s corporate ecosystem.

Meanwhile, according to the Cushman and Wakefield report titled ‘Noida Runway for Growth’, Noida’s‍‌ office leasing market is set for a record year with the completion of the Noida International Airport and the targeted government support, which are the main reasons for the robust demand. As per the report, Noida’s gross office leasing grew to 3.3 million square feet (MSF) from January to September 2025. The activity is anticipated to be around 4.7 MSF by the end of the year.

One of the main reasons for this demand is the expansion of GCCs, which were responsible for close to 1 MSF of leasing during the first nine months of 2025 and are expected to finish the year at around 1.28 MSF.

At the same time, a CBRE report noted that the retail leasing in Delhi-NCR jumped about 25 per cent in 2025. Fashion and apparel brands were the major contributors, accounting 35 per cent of leasing activity. The remaining share was occupied by food and beverage operators and other lifestyle retailers. This was a clear signal that organised retail is back on a growth trajectory.

Group 108 Managing Director Sanchit Bhutani said, “Noida and Greater Noida are rapidly transforming into strategic hubs for GCCs, MNCs, and global brands, driven predominantly by next-generation infrastructure. The upcoming Noida International Airport at Jewar is a game-changer, redefining how global occupiers evaluate regional headquarters and back-office locations. We are witnessing growing interest in Grade-A offices and organized retail from brands that want long-term visibility, operational efficiency, and access to a skilled workforce. In 2026, we foresee that leasing decisions here will be driven by airport-led connectivity, integrated developments, and the ability of assets to support global standards of work and commerce.”

Migsun Group Managing Director Yash Miglani says, “The commercial leasing across Noida and Greater Noida is becoming far more balanced and resilient. Unlike earlier cycles that were either office- or retail-heavy, today’s demand is spread across offices, high-street retail, and mixed-use formats. Brands are evaluating markets through a risk-mitigation lens—they want locations backed by infrastructure, consumption, and long-term urban planning. What stands out is the confidence occupiers have in the region’s growth story, especially with expressways, metro connectivity, and Noida International Airport aligning together. By 2026, commercial leasing here will be defined by stability, scale, and sustained demand rather than speculative absorption.”

Moreover, mixed-use developments are emerging as the preferred leasing format for brands seeking more than just functional office or retail space. Across Noida and Greater Noida, occupiers are increasingly gravitating towards integrated ecosystems that combine offices, organised retail, F&B, and experiential zones within a single development. This convergence is proving effective in driving sustained footfall, enhancing employee engagement, and supporting stronger work-life integration; factors that directly influence productivity and retention.

Azad Ahmad Lone, President, Business Development and Operations, Biigtech says, “What brands are looking for today goes far beyond just leasable area. The focus has clearly shifted to connectivity-backed productivity. With metro extensions and expressway access improving east–west and north–south movement, occupiers are now factoring commute efficiency into long-term leasing decisions. We are seeing strong traction from IT and mid-sized corporate firms that are seeking Grade-A offices with future scalability, rather than short-term flexibility. Going into 2026, brands leasing in Noida will prioritise buildings that combine location intelligence, compliance-ready infrastructure, and operational cost predictability.”

Ajendra Singh, Vice-President, Sales and Marketing, Spectrum@Metro, says, “Retail leasing in Noida and Greater Noida is entering a far more mature phase. Brands today are not just looking for ‘space in a mall’; they want curated ecosystems that guarantee dwell time, repeat footfall, and brand visibility. Consumption patterns have evolved rapidly with the growth of residential catchments and aspirational spending. Well-planned malls are increasingly being seen as long-term brand assets rather than short-term sales channels. Hence, we foresee retail brands gravitating towards destinations that blend shopping, entertainment, dining, and community experiences, making the mall a lifestyle hub, not just a transaction point.”

Thus, in 2026, brands are expected to adopt a far more discerning and future-oriented approach to commercial leasing in Noida and Greater Noida. Flexibility in design and lease structures, ESG-aligned development standards, and technology-enabled workspaces will move from value-adds to baseline expectations. Equally critical will be last-mile connectivity and proximity to growth infrastructure, particularly the Noida International Airport at Jewar. As occupiers balance cost efficiency with long-term resilience, preference will increasingly tilt towards assets that are sustainable, digitally equipped, and strategically located, reinforcing the region’s evolution into a next-generation commercial destination.