Archive · 21 Aug 2025
India Dominates APAC Commercial Leasing in H1 2025
Imagine the Asia-Pacific region is like a big office building, and companies need to rent space in it.
India is renting out a lot of space, taking up about 70% of all the rentals in the first half of 2025.
This means India's office market is very busy!
Many new offices are being built too.
Overall, more companies in the region are renting office space than last year.
Places like Singapore, Philippines, and Japan saw a big jump in how much space they rented.
India, China, and Japan are the busiest spots in the region for renting office space.
India leads the Asia Pacific (APAC) region in commercial leasing, holding approximately 70% of the market share in the first half of 2025.
India accounted for 48% of new office supply in the APAC region during H1 2025.
Overall commercial leasing activity in 11 key APAC markets increased by 9.6% year-over-year in the first half of 2025.
New office supply in the 11 key APAC markets rose by 45.4% year-over-year in H1 2025.
Singapore, the Philippines, and Japan experienced significant increases in leasing volumes in the first half of 2025.
- Who
- India is the leading market, with activity from various businesses and Global Capability Centres (GCC).
- What
- Commercial leasing activity and new office supply in the APAC region.
- When
- First half of 2025 (H1 2025).
- Where
- Asia Pacific (APAC) region, particularly focusing on India, China, Singapore, Japan, Philippines, Australia, and New Zealand.
- Why
- Robust demand in India is driven by occupier expansion, GCC activity, and a diverse demand base, supported by lower inflation, easing interest rates and positive GDP growth.
- India's Leasing Market Share (H1 2025)
- Approximately 70%
- India's Share of New Supply (H1 2025)
- 48%
- APAC Leasing Activity YoY Increase (H1 2025)
- 9.6%
- APAC New Supply YoY Increase (H1 2025)
- 45.4%
- Key Markets Monitored
- Australia, China, Hong Kong, India, Indonesia, Japan, New Zealand, Philippines, Singapore, South Korea, Taiwan