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India to Drive 40% of APAC Office Supply in 2026, Bengaluru Leads

India is projected to account for 40% of all new Grade-A office supply in the Asia-Pacific region in 2026, according to a CBRE report. Bengaluru leads the APAC market with 12.1 million sq. ft. of new supply, followed by Shanghai and Delhi-NCR. Office assets have overtaken industrial & logistics as the most preferred investment sector in APAC for the first time in six years. The demand is driven by India being viewed as a scalable, talent-rich destination for corporate growth.

Key Points: India to Supply 40% of APAC Grade-A Offices in 2026

  • India to contribute 40% of APAC supply
  • Bengaluru ranks #1 in APAC for new office space
  • Mumbai's BKC sees highest rental growth
  • Office assets now top APAC investment sector
2 min read

India to contribute 40 pc to APAC's office supply in 2026; Bengaluru tops chart

India and China to deliver over 75% of APAC's new Grade-A office space in 2026, with Bengaluru topping the regional supply chart.

"India's growing dominance... reflects the structural depth of the demand drivers in the country. - Anshuman Magazine, CBRE"

New Delhi, Feb 23

India alone will contribute to about 40 per cent of Grade‑A office supply in Asia Pacific in 2026, a report said on Monday.

The Grade-A office supply in APAC region is expected to reach a record 61.3 million sq. ft. in 2026, up 10.8 per cent from 55.3 million sq. ft. in 2025, the report from CBRE South Asia Pvt. Ltd said.

India and mainland China together will contribute more than 75 per cent of the total supply, it added.

Bengaluru, Delhi-NCR, and Mumbai rank among the top five APAC markets for new office supply in 2026, with Bengaluru ranking first in the APAC region at 12.1 million sq. ft.

Shanghai will follow Bengaluru at 10 million sq. ft., Delhi‑NCR at 7.1 million sq. ft. and Mumbai will see its supply almost double to 5.1 million sq. ft., the report suggested.

In Bangalore, the supply will continue to be supported by GCCs.

Further, office assets emerged as the most preferred investment sector in APAC, overtaking industrial & logistics for the first time in six years.

Mumbai's BKC recorded the highest rental growth in APAC in 2025 up 23.1 per cent YoY and is expected to maintain double-digit growth (12.5 per cent) in 2026, the report added.

"India's growing dominance in the APAC office supply landscape reflects the structural depth of the demand drivers in the country," said Anshuman Magazine, Chairman & CEO - India, South‑East Asia, Middle East & Africa, CBRE.

"Even amid global macroeconomic recalibration, occupiers view India as a scalable, talent-rich destination for multi-functional growth," he added.

Despite record supply, most developed markets will remain supply-constrained, with premium offices in demand as corporates enforce stricter attendance mandates, the report said.

"As we move into a cycle where income growth is at the centre of real estate decision-making, the ability for occupiers and investors to recalibrate and innovate will be critical," said Ada Choi, Head of Research, Asia Pacific for CBRE.

Choi said that occupiers are responding to softer economic growth by sharpening their space requirements and prioritising high-quality buildings in core locations, while investors are focusing on income resilience and portfolio optimisation.

- IANS

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Reader Comments

S
Sarah B
As someone working in commercial real estate in Mumbai, this data is very encouraging. The rental growth in BKC is phenomenal. It shows the confidence global corporates have in our markets.
P
Priyanka N
While the numbers look impressive, I hope this development is sustainable. We need to ensure our infrastructure – roads, water, public transport – in cities like Bangalore and Delhi-NCR keeps pace with this construction boom. Otherwise, quality of life suffers.
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Rohit P
"Scalable, talent-rich destination" – that's the key phrase. This is why so many MNCs are setting up their GCCs here. Our young workforce is our biggest asset. Jai Hind!
M
Michael C
Interesting to see office assets overtaking industrial & logistics as the preferred investment. It signals a strong belief in the future of white-collar work and corporate expansion in the region, despite talk of remote work.
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Kavya N
Delhi-NCR and Mumbai doubling down! But with stricter attendance mandates, I wonder if employees are happy about this "premium office" demand. Work-life balance is important too.
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Vikram M
40% contribution is a massive share. It shows India is not just participating but driving growth in APAC. Bengaluru, Delhi, Mumbai – our metro cities are truly becoming global business hubs

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