India Drives Over 70% Of APAC Office Leasing In January-June, Report Says

New Delhi: India accounted for more than 70 per cent of office leasing across 11 major Asia-Pacific markets in the first half of 2026, anchoring regional demand amid robust uptake of Grade A office space, according to a report released on Monday.

A report by property consultancy Colliers said that the eleven key APAC office markets recorded leasing of 4.6 million sq m (49.5 million sq ft) in H1 2026, an increase of 3 per cent year-on-year.

It further showed that the nation accounted for over two-thirds of both regional office demand and supply during the period, supported by strong demand fundamentals, including continued expansion of global capability centres (GCCs).

"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," Arpit Mehrotra, Managing Director, Office Services, Colliers India, said.

He said skilled talent availability and cost arbitrage are likely to support robust absorption despite geopolitical uncertainty, further strengthening India's position as a preferred office market in Asia Pacific.

Moreover, new office supply across the eleven markets declined 37 per cent year-on-year to 3 million sq m (32.3 million sq ft) during the H1 period, while India and Mainland China accounted for more than 80 per cent of total completions.

“Office demand across key APAC markets remained resilient in H1 2026,” Vimal Nadar, National Director and Head of Research, Colliers India, said and added that India is expected to continue driving regional leasing volumes over the next few quarters.

The report said APAC continues to outperform global peers and remains a key contributor to global economic expansion. Also, resilient growth and likely stability in interest rates are expected to support business confidence and investment, although geopolitical and trade risks remain.

Additionally, it is expected that office market activity will remain strong in H2 2026, with demand increasingly concentrated in high-quality, future-ready assets.

Vacancy levels are likely to remain stable as demand keeps pace with new supply, while rents could rise in high-activity markets, the report said.

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