India is set to account for nearly 40 percent of the total Grade A office supply across the Asia Pacific region in 2026, reinforcing its growing dominance in the commercial real estate sector, according to a report released by CBRE South Asia Pvt. Ltd. on Monday.
APAC Office Supply to Reach 61.3 Million Sq. Ft. in 2026
The Grade A office supply in the Asia Pacific region is projected to reach a record 61.3 million square feet in 2026. This represents a 10.8 percent increase from 55.3 million square feet expected in 2025.India and mainland China together are likely to contribute more than 75 percent of the total new supply, underscoring the concentration of commercial development in these two major markets.
Bengaluru Leads APAC in New Office Supply
Among Asia Pacific cities, Bengaluru is expected to lead in new office supply in 2026 with an estimated 12.1 million square feet of Grade A office space.Shanghai is projected to follow with 10 million square feet, while Delhi NCR is expected to add 7.1 million square feet. Mumbai is likely to see its supply nearly double to 5.1 million square feet.
In Bengaluru, new additions will continue to be driven by high-quality Grade A office developments, strengthening its position as a leading commercial hub in the region.
Office Assets Emerge as Preferred Investment Sector
Office assets have emerged as the most preferred investment sector in the Asia Pacific region, overtaking industrial and logistics for the first time in six years. This shift reflects renewed investor focus on office real estate despite global macroeconomic adjustments.BKC Records Highest Rental Growth in APAC
Mumbai’s Bandra Kurla Complex recorded the highest rental growth across APAC markets in 2025, with rentals rising 23.1 percent year-on-year. The report indicates that the business district is expected to maintain double-digit growth of 12.5 percent in 2026.Structural Demand Drivers Support India’s Growth
Anshuman Magazine, Chairman and CEO for India, South-East Asia, Middle East and Africa at CBRE, said India’s expanding share in APAC office supply reflects the structural depth of demand drivers in the country.He noted that even amid global macroeconomic recalibration, occupiers continue to view India as a scalable and talent-rich destination for multi-functional growth.
Despite record supply, most developed markets in the region are expected to remain supply-constrained. Premium office spaces continue to see strong demand as corporates enforce stricter attendance mandates.
Ada Choi, Head of Research for Asia Pacific at CBRE, said occupiers are sharpening their space requirements in response to softer economic growth, prioritising high-quality buildings in core locations. At the same time, investors are focusing on income resilience and portfolio optimisation.
With India leading the upcoming supply cycle and office assets regaining investor preference, 2026 is shaping up to be a pivotal year for the Asia Pacific commercial real estate market.
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