India drives 70% of Asia Pacific office leasing in H1 2026

India accounted for over 70% of total office leasing across 11 key Asia Pacific markets in the first half of 2026, according to Colliers' Asia Pacific Office Market Insights H1 2026 report. Total regional leasing reached 4.6 million sq m (49.5 million sq ft), up 3% year-on-year.

Grade A space absorption in India, Mainland China, and Japan drove more than 95% of regional uptake. Hong Kong and Taiwan also posted strong growth. New supply across the 11 markets contracted 37% year-on-year to 3 million sq m (32.3 million sq ft), with India and Mainland China together representing over 80% of completions.

Arpit Mehrotra, Managing Director of Office Services at Colliers India, said the country continues to anchor leasing volumes, underpinned by expansion of global capability centers. "India accounted for over two-thirds of the region's demand and supply during H1 2026," he said. Mehrotra added that skilled talent availability and cost arbitrage, despite geopolitical uncertainty, are likely to support robust absorption and strengthen India's position as a preferred office market.

Vimal Nadar, National Director and Head of Research at Colliers India, said office demand across key markets remained resilient. "Despite moderating GDP growth, the region continues to outperform global peers," he said. Nadar noted that elevated inflation has prompted central banks to maintain a cautious approach to monetary policy, while sustained business confidence continues to underpin occupier demand and investment activity. He expects renewed expansion plans and a preference for high-quality, future-ready workplaces to sustain demand, with India continuing to drive leasing volumes over the next few quarters.