Now Reading: India drove 70% of Asia-Pacific office leasing in H1 2026
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India drove 70% of Asia-Pacific office leasing in H1 2026
India accounted for over 70% of total office leasing across 11 major Asia Pacific markets in the first half of 2026, according to Colliers' Asia Pacific Office Market Insights H1 2026 report.…
India accounted for over 70% of total office leasing across 11 major Asia Pacific markets in the first half of 2026, according to Colliers' Asia Pacific Office Market Insights H1 2026 report. Office leasing across the region rose 3% year-on-year to 4.6 million sq m (49.5 million sq ft), with India, China and Japan together contributing over 95% of regional absorption.
New office supply across the 11 markets fell 37% year-on-year to 3 million sq m (32.3 million sq ft), with India and Mainland China accounting for more than 80% of completions. Colliers said demand remained resilient despite moderating economic growth and cautious monetary policy, with Grade A space driving leasing as occupiers favoured high-quality workplaces.
Colliers expects vacancy levels to remain broadly stable and rents to see further growth in high-activity office markets through the rest of 2026.
Indian Opinion Analysis
The report shows India's office market is decoupling from the broader regional supply slowdown, with global capability centres (GCCs) driving sustained demand. Unlike China, where slowing GDP growth has tempered leasing, India's cost arbitrage and skilled talent pool continue to attract multinationals. Vacancy rates in top Indian cities like Bengaluru and Hyderabad are already at multi-year lows, which could push rents higher in the second half. The next signal to watch is whether rising global interest rates slow GCC expansion plans in the coming quarters.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
