India Drives Asia-Pacific Office Leasing With Over 70% Share in First Half of 2026

New Delhi, August 24, 2026; India emerged as the dominant force in Asia-Pacific’s office real estate market during the first half of 2026, accounting for more than 70 per cent of total office leasing across the region, according to a latest Colliers report.

The Asia Pacific Office Market Insights H1 2026 report said office leasing across 11 major markets stood at 4.6 million square metres, or nearly 49.5 million square feet, between January and June. The figure represented a 3 per cent rise compared with the same period last year.

India’s strong performance was supported by continued demand for Grade A office space, particularly from global capability centres and other international businesses expanding their operations. Mainland China and Japan were the other major contributors, with the three markets together accounting for more than 95 per cent of regional leasing activity.

Hong Kong and Taiwan also recorded stronger office demand during the period, adding to the overall resilience of the Asia-Pacific commercial property market.

At the same time, the region witnessed a sharp reduction in new office supply. Completions across the 11 markets fell 37 per cent year-on-year to around 3 million square metres. India and Mainland China accounted for more than four-fifths of the newly added office space.

Colliers India Managing Director for Office Services Arpit Mehrotra said India’s combination of skilled talent and cost advantages would continue to attract global companies despite geopolitical uncertainties.

He said the country’s office market remained supported by the expansion of global capability centres, helping India maintain its leading position in the region.

Colliers India National Director and Head of Research Vimal Nadar said occupier demand remained firm across major Asia-Pacific markets despite slower economic growth and cautious monetary policies amid persistent inflation.

According to the report, companies are increasingly prioritising modern, high-quality workplaces that can support productivity, employee attraction and business expansion.

Mike Davis, Managing Director, Occupier Services, Asia Pacific at Colliers, said demand was becoming increasingly concentrated in premium office properties as businesses focused on creating better workplaces.

With demand remaining steady while new supply is comparatively limited, the report expects vacancy rates to remain broadly stable in several high-demand markets. The supply-demand balance could also provide room for rental growth during the remaining months of 2026.

India’s strong leasing activity is therefore expected to remain a key driver of Asia-Pacific’s office market as companies continue expanding and investing in high-quality commercial spaces.