India's Rise Fuels Asia Pacific as the Leading Global Office Market

Key Takeaways

India leads the Asia Pacific office market growth.

APAC's demand for office space surpasses that of the US and Europe.

Modern assets and a skilled talent pool are essential for growth.

India holds a significant share of the APAC office stock.

Grade A office space is set to expand considerably by 2025.

New Delhi, March 18 (NationPress) The Asia Pacific region has emerged as the most vibrant office market globally, with India spearheading this growth. The region's expansion is fueled by younger, ESG-aligned assets and a demand that surpasses that of the US and Europe, according to a report released on Wednesday.

The analysis from Cushman & Wakefield highlights India's crucial role in the APAC landscape, contributing to 34% of the region's office demand, which equates to 64.2 million square feet.

“The ascent of Asia Pacific as the global hub for office demand is fundamentally linked to markets such as India, where the combination of modern stock, a rich talent pool, and robust innovation capabilities are converging,” stated Arpita Srivastava, Managing Director of Global Capability Centre (GCC) Advisory and APAC Tenant Representation at Cushman & Wakefield.

India holds 39% of the overall office stock in APAC, totaling 809.5 million square feet, and contributes to 51% of the new supply, amounting to 37.4 million square feet.

These figures underscore India's pivotal influence within the broader talent-driven growth of APAC.

The region's momentum is also supported by an unmatched reservoir of STEM talent, which constitutes one of the largest groups of engineering, digital, and technology professionals worldwide.

This deep well of talent acts as a significant factor in corporate real estate decisions, enticing multinational companies that are in search of both operational efficiency and innovation-led growth, as noted in the report.

Between 2020 and 2025, APAC absorbed nearly 334 million square feet of office space, significantly outpacing Western markets where absorption has either been negative or sluggish. Additionally, Grade A office stock across 40 cities in APAC is projected to almost double to 2.43 billion square feet by 2025.

While Western markets focus on retrofitting and selective recovery, APAC's growth trajectory is accelerating, indicating a structural shift in how global corporations strategize their real estate portfolios, Arpita remarked.

A significant portion of APAC's prime office space was constructed within the last 10 to 15 years, featuring hybrid-ready, sustainable, and technology-enhanced workplaces that meet the evolving expectations of tenants.

Point of View

It's crucial to recognize the pivotal role India plays in the evolving office market within the Asia Pacific region. The convergence of modern infrastructure and a talented workforce not only drives growth but also positions India as a critical player in the global economic landscape.

NationPress

6 Aug 2026

Frequently Asked Questions

What percentage of APAC's office demand does India represent?

India accounts for 34% of APAC's office demand, which is approximately 64.2 million square feet.

How much of APAC's office stock is located in India?

India comprises 39% of the regional office stock in APAC, totaling 809.5 million square feet.

What is driving growth in the Asia Pacific office market?

The growth in the Asia Pacific office market is driven by younger, ESG-aligned assets and a strong demand for modern, sustainable workspaces.

How does APAC's talent pool influence corporate decisions?

APAC's extensive STEM talent pool is a key factor for multinational firms in making corporate portfolio decisions, as they seek innovation and operational efficiency.

What are the projections for Grade A office stock in APAC?

Grade A office stock across 40 APAC cities is expected to nearly double to 2.43 billion square feet by 2025.