1 week ago
India Leads Asia-Pacific Office Leasing in First-Half 2026
India leased more office space than any other country in the Asia-Pacific region during the first half of 2026.
It made up more than 70% of all office leasing across 11 important markets.
Overall leasing in those markets grew by 3% from the same period a year earlier.
Companies are especially interested in high-quality office buildings.
One reason for India’s strong performance is the growth of global capability centres.
India also has many skilled workers and can offer cost advantages to businesses.
The amount of new office space being completed across the region fell sharply.
Colliers expects office demand to remain strong in the second half of the year, while vacancies stay mostly stable.
India accounted for more than 70% of office leasing across 11 major Asia-Pacific markets in H1 2026.
The 11 markets recorded 4.6 million square metres of leasing, up 3% year-on-year.
India represented over two-thirds of regional office demand and supply, supported by expanding global capability centres.
New office supply fell 37% year-on-year to 3 million square metres, with India and Mainland China contributing over 80% of completions.
Colliers expects strong H2 activity, stable vacancies and possible rent increases in high-activity markets.
- Who
- India, businesses leasing offices across 11 major Asia-Pacific markets, and property consultancy Colliers.
- What
- India accounted for more than 70% of regional office leasing in the first half of 2026, according to a Colliers report.
- Where
- India and 10 other major Asia-Pacific office markets, including Mainland China.
- When
- The first half of 2026; the report was released on Monday.
- Why
- Demand was supported by global capability-centre expansion, skilled-talent availability and cost advantages in India.
Key facts
- Regional leasing
- 4.6 million square metres (49.5 million square feet) in H1 2026.
- Year-on-year change
- Leasing across the 11 APAC markets increased 3%.
- India’s share
- More than 70% of regional office leasing and over two-thirds of regional demand and supply.
- New supply
- 3 million square metres (32.3 million square feet), down 37% year-on-year.
- Completion concentration
- India and Mainland China accounted for more than 80% of total completions.
- Second-half outlook
- Office activity is expected to remain strong, with demand concentrated in high-quality, future-ready assets.
- Market conditions
- Vacancies are expected to remain stable, while rents could rise in high-activity markets.
Quotes
Arpit Mehrotra
Managing Director, Office Services, Colliers India
“India continues to anchor leasing volumes in the APAC office market, underpinned by strong demand fundamentals, including expansion of global capability centres in the country.”
thehansindia.com
“Office demand across key APAC markets remained resilient in H1 2026”
thehansindia.com
Sources
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