Bengaluru, Aug 24: Asia Pacific’s 11 key office markets recorded office leasing of 4.6 million sq m in H1 2026, a 3 percentage year‑on‑year increase, anchored by robust Grade A space uptake across major markets including India, Mainland China and Japan, according to Colliers’ Asia Pacific Office Market Insights H1 2026report. India alone accounted for over 70% of total leasing during H1 2026. Within the region, the growth in demand during H1 2026 was strongest in markets such as Hong Kong and Taiwan, reflecting improving business confidence and renewed expansion.

During H1 2026, new supply declined by 37% year-on-year to 3.0 million sq m. New supply was highly concentrated in India and Mainland China, which together accounted for more than 80% of completions.

“India continues to anchor leasing volumes in the APAC office market, underpinned by strong demand fundamentals, including expansion of global capability centers in the country. In fact, India accounted for over two-thirds of the region’s demand and supply during H1 2026. Looking ahead, despite geopolitical uncertainty, skilled talent availability and cost arbitrage are likely to support robust absorption and further strengthen India’s position as a preferred office market in the Asia Pacific region,” said Arpit Mehrotra, Managing Director, Office Services, Colliers India.

“Office demand across key APAC markets remained resilient in H1 2026, with leasing activity reaching 4.6 million sq m (49.5 million sq ft). Despite moderating GDP growth, the region continues to outperform global peers. While elevated inflation levels have prompted central banks to maintain a cautious approach to monetary policy, sustained business confidence continues to underpin occupier demand and investment activity. Looking ahead, renewed expansion plans and a growing preference for high-quality, future-ready workplaces are expected to sustain office space demand in the APAC region, with India continuing to drive leasing volumes over the next few quarters,” said Vimal Nadar, National Director & Head of Research, Colliers India.

Asia Pacific continues to outperform peers and remains a key contributor to global economic expansion, according to the report. The report also notes that the region’s resilient growth outlook and likely stability in interest rates are expected to support business confidence and investment, although geopolitical risks and trade uncertainties remain key factors.

“The APAC office market is entering the second half of 2026 with growing momentum. As occupiers double down on high-quality workplaces to attract talent, drive productivity and support business growth, regional demand is increasingly concentrating in best-in-class assets. Over the next few quarters, supply and demand are expected to remain healthy, supported by strong occupier activity and continued preference for high-quality office assets,”Mike Davis, Colliers Managing Director, Occupier Services, Asia Pacific

Overall, the APAC office market activity is expected to remain strong in H2 2026, supported by continued leasing momentum and business expansion. As demand keeps pace with new supply, vacancy levels are likely to stay stable while rents could be on an upswing in high-activity markets.