New Delhi, March 26 (NationPress) India is solidifying its reputation as the most cost-effective office fit-out market in the Asia Pacific region. According to a recent report released on Thursday, it provides global occupiers with an attractive blend of affordability, scale, and quality.

In major Indian office markets, fit-out costs are between $65 and $73 per square foot, which is significantly lower than prominent regional hubs like Tokyo ($215), Sydney ($161), and Singapore ($140), as highlighted in Cushman & Wakefield's 'Asia Pacific Office Fit Out Cost Guide 2026'.

This data strengthens India's status as the most cost-efficient location for establishing high-quality and collaborative workplace environments at scale.

Shashi Bushan, Executive Managing Director of Project and Development Services (PDS) India and Lead Occupier-PDS APAC at Cushman & Wakefield, remarked, "India consistently ranks as one of the most cost-competitive fit-out markets in the Asia Pacific, not only based on absolute cost metrics but also in terms of consistency across various cities and extensive delivery capabilities. As occupiers strive to create higher-quality, experience-driven workplaces, this cost advantage becomes increasingly significant."

In light of the current global landscape, where supply chains are evolving and input costs fluctuate with energy prices, India's relative advantage is becoming more pronounced.

This advantage coincides with a surge in occupier activity across the region. Prime office net absorption in 27 Asia Pacific markets reached 92 million sq ft in 2025, up from 76 million sq ft in 2024, indicating a sustained recovery in demand.

India plays a pivotal role in this growth, with its top eight cities accounting for nearly two-thirds of the regional office demand, illustrating the robustness and resilience of its occupier base.

On the supply front, disparities across the region are becoming more evident. The total office space currently under construction in the Asia Pacific is approximately 386 million sq ft, with around 192 million sq ft concentrated in India's leading eight cities.

Overall, there is a noticeable shift—organizations are not retreating from workplace investments but are becoming more strategic in their capital deployment. In this context, India continues to provide a compelling mix of affordability, quality, and scalability, Bushan noted.

Among Indian cities, Mumbai remains the most expensive market, with costs around USD 73 per sq ft, driven by strong demand from multinational corporations, financial institutions, and Global Capability Centres (GCCs) seeking premium office spaces.