India Drives 70% of APAC Office Leasing in H1 2026

India accounted for more than 70% of total office leasing across key Asia Pacific markets in the first half of 2026.

The finding comes from Colliers' Asia Pacific Office Market Insights H1 2026 report. It reinforces India's position as the region's biggest office demand driver.

Office leasing across 11 major APAC markets rose 3% year-on-year to 4.6 million sq m during the period.

What Is Driving India's Dominance

India and Mainland China together accounted for more than 90% of regional absorption. Grade A office space drove demand. Hong Kong and Taiwan also recorded strong leasing activity.

Arpit Mehrotra, Managing Director, Office Services at Colliers India, said India continues to anchor leasing volumes in the APAC office market.

He pointed to strong demand fundamentals, including the expansion of Global Capability Centres across the country.

India accounted for over two-thirds of the region's demand and supply during H1 2026.

• Total APAC leasing: 4.6 million sq m (49.5 million sq ft) in H1 2026
• India and Mainland China: more than 90% of regional absorption
• India share of regional demand and supply: over two-thirds
• New completions across 11 markets: fell 37% year-on-year to 3 million sq m
• India and Mainland China: more than 80% of new supply

Also Read: India Office Leasing Hits Record 45.5 Mn Sq Ft in H1 2026

Supply Is Tightening Across the Region

New office completions fell sharply. Supply across the 11 markets dropped 37% year-on-year to 3 million sq m.

India and Mainland China accounted for more than 80% of that reduced supply.

The contraction is creating conditions for rental growth in high-activity corridors.

Vimal Nadar, National Director and Head of Research at Colliers India, said office demand remained resilient across APAC in H1 2026.

He noted that despite moderating GDP growth, the region continues to outperform global peers. Sustained business confidence and central bank caution on monetary policy are both supporting occupier demand and investment activity.

Also Read: GCCs Now Drive 43% of India's Record Office Leasing

Grade A Assets Are Winning the Race

Occupiers are not just leasing more space. They are leasing better space. Demand is concentrating in best-in-class assets.

Mike Davis, Managing Director, Occupier Services, Asia Pacific at Colliers, said the APAC office market is entering H2 2026 with growing momentum.

As occupiers double down on quality workplaces to attract talent and drive productivity, regional demand is increasingly concentrating in Grade A developments.

Nadar added that renewed expansion plans and the growing preference for high-quality workplaces are expected to sustain office demand.

India is likely to remain the key contributor to regional leasing over the next few quarters. Colliers expects vacancy levels to remain broadly stable.

Rents are expected to see further growth in high-activity office markets through the rest of 2026.

Looking ahead, Mehrotra said skilled talent availability and cost arbitrage will support robust absorption, further strengthening India's position as a preferred office market across the Asia Pacific region.

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