India's Projected 40% Share of APAC's Office Supply by 2026; Bengaluru Leads
Synopsis
A recent report reveals that India is poised to contribute 40% of Grade-A office supply in the Asia Pacific by 2026, with Bengaluru leading the charge. This marks a significant shift in the office real estate landscape, highlighting India's growing economic strength and appeal as a business hub.
Key Takeaways
India will contribute 40% to APAC's office supply by 2026.
Bengaluru is projected to lead with 12.1 million sq. ft.
APAC's total office supply will reach 61.3 million sq. ft. in 2026.
Office assets are now the most preferred investment sector in APAC.
Mumbai's BKC is experiencing significant rental growth.
New Delhi, Feb 23 (NationPress) A recent report indicates that India is set to account for approximately 40% of Grade-A office supply within the Asia Pacific (APAC) by 2026. The forecast suggests that the total Grade-A office supply in the APAC region will hit a remarkable 61.3 million sq. ft. in 2026, marking a 10.8% increase from the 55.3 million sq. ft. in 2025, according to CBRE South Asia Pvt. Ltd.
It is noted that India and mainland China will jointly contribute over 75% to the overall supply.
Among the top five APAC markets for new office supply in 2026, Bengaluru ranks first with 12.1 million sq. ft., followed by Shanghai at 10 million sq. ft., Delhi-NCR at 7.1 million sq. ft., and Mumbai, which is expected to see its supply nearly double to 5.1 million sq. ft.
The steady supply in Bengaluru is anticipated to be bolstered by Global Capability Centers (GCCs).
Moreover, office assets have emerged as the most sought-after investment sector in APAC, surpassing industrial & logistics for the first time in six years.
The report highlights that Mumbai’s Bandra Kurla Complex (BKC) experienced the highest rental growth in APAC in 2025, soaring by 23.1% year-over-year, and is predicted to sustain a double-digit growth of 12.5% in 2026.
Anshuman Magazine, Chairman & CEO for India, South-East Asia, Middle East & Africa at CBRE, remarked, “India’s increasing prominence in the APAC office supply market underscores the robust demand drivers within the nation.” He added, “Despite global economic adjustments, businesses still consider India a scalable and talent-rich location for diverse growth opportunities.”
The report also notes that despite the record supply, many developed markets will continue to face supply constraints, with premium office spaces in high demand as companies implement stricter attendance policies.
Ada Choi, Head of Research for Asia Pacific at CBRE, stated, “As we enter a phase where income growth influences real estate decisions, the capacity for occupiers and investors to adapt and innovate will be crucial.” Choi pointed out that businesses are responding to softer economic conditions by refining their space needs and prioritizing high-quality buildings in prime locations, while investors are concentrating on income stability and optimizing their portfolios.
Point of View
It’s clear that India's role in the APAC office supply market is becoming increasingly significant. The growth in Bengaluru and other key cities reflects a robust demand that businesses are eager to meet, showcasing India's potential as a major player in the global economy. This trend warrants attention from investors and stakeholders.
NationPress
12 May 2026
Frequently Asked Questions
What percentage of APAC's office supply will India contribute by 2026?
India is expected to contribute approximately 40% of Grade-A office supply in the Asia Pacific by 2026.
Which city in India is leading in new office supply?
Bengaluru is leading with a projected supply of 12.1 million sq. ft. in 2026.
What is the total Grade-A office supply expected in APAC by 2026?
The total Grade-A office supply in the APAC region is projected to reach 61.3 million sq. ft. by 2026.
What factors are driving the demand for office spaces in India?
The demand for office spaces in India is driven by its growing economic strength and the presence of Global Capability Centers (GCCs).
How has Mumbai's rental market changed recently?
Mumbai’s BKC recorded a rental growth of 23.1% in 2025 and is expected to maintain a growth rate of 12.5% in 2026.
