Daijiworld Media Network - New Delhi
New Delhi, Feb 23: India is set to contribute nearly 40 per cent of the total Grade-A office space supply in the Asia Pacific (APAC) region in 2026, according to a report released by CBRE South Asia Pvt. Ltd. on Monday.
The report projects that Grade-A office supply across APAC will reach a record 61.3 million square feet in 2026 — a 10.8 per cent increase from 55.3 million square feet in 2025. India, along with mainland China, is expected to account for over 75 per cent of this new supply.
Among individual cities, Bengaluru leads the region with an anticipated 12.1 million square feet of new office space in 2026, making it the top market in APAC. Shanghai follows with 10 million square feet, while Delhi-NCR is projected to add 7.1 million square feet. Mumbai is expected to nearly double its supply to 5.1 million square feet.
In Bengaluru, growth will continue to be driven largely by Global Capability Centres (GCCs), reinforcing the city’s position as a key hub for multinational corporations.
The report also noted a significant shift in investment preferences across the region. Office assets have emerged as the most favoured sector in APAC, overtaking industrial and logistics properties for the first time in six years.
Mumbai’s Bandra Kurla Complex (BKC) recorded the highest rental growth in APAC in 2025, with rents rising 23.1 per cent year-on-year. The momentum is expected to continue, with double-digit growth of 12.5 per cent forecast for 2026.
Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East & Africa at CBRE, said India’s expanding share of APAC office supply reflects the country’s strong structural demand drivers. He added that even amid global economic recalibration, India remains an attractive, scalable, and talent-rich destination for multinational occupiers.
Ada Choi, Head of Research for Asia Pacific at CBRE, observed that despite record supply additions, many developed markets will remain supply-constrained. Premium office spaces are expected to stay in high demand, particularly as companies enforce stricter return-to-office mandates.
She added that occupiers are becoming more selective amid softer economic growth, prioritising high-quality buildings in core locations, while investors are focusing on income stability and portfolio optimisation in a shifting real estate cycle.