India Set to Dominate APAC Grade-A Office Supply by 2026
India is expected to contribute nearly 40 per cent of Grade-A office supply in the Asia-Pacific (APAC) region in 2026, according to a report by CBRE South Asia Pvt. Ltd. The report stated that Grade-A office supply across APAC is projected to reach a record 61.3 million square feet in 2026, marking a 10.8 per cent increase from 55.3 million square feet in 2025.
India and mainland China together are expected to account for more than 75 per cent of the total new supply in the region. Among cities, Bengaluru ranked first in APAC for new office supply in 2026, with an estimated 12.1 million square feet. Shanghai is projected to follow with 10 million square feet, while Delhi-NCR is expected to add 7.1 million square feet. Mumbai is likely to see supply nearly double to 5.1 million square feet.
In Bengaluru, the report noted that new supply will continue to be supported by Global Capability Centres (GCCs), which remain key demand drivers. The study also highlighted that office assets have emerged as the most preferred investment sector in APAC, overtaking industrial and logistics for the first time in six years.
Mumbai’s Bandra Kurla Complex (BKC) recorded the highest rental growth in APAC in 2025, rising 23.1 per cent year-on-year. The report projects that rentals in the business district will continue to grow at double-digit levels, estimated at 12.5 per cent in 2026.
Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East and Africa at CBRE, said India’s growing share in APAC office supply reflects strong structural demand drivers. He noted that despite global macroeconomic adjustments, occupiers continue to view India as a scalable and talent-rich destination for diversified business growth.
Ada Choi, Head of Research, Asia Pacific at CBRE, said that even with record supply, most developed markets are likely to remain supply-constrained, particularly for premium office spaces. She added that as income growth becomes central to real estate decisions, both occupiers and investors are focusing on high-quality buildings, core locations and portfolio optimisation.
The report indicates that India’s office market remains a key growth engine within the broader Asia-Pacific real estate landscape.
