India has emerged as the largest office market in Asia-Pacific, accounting for over 70% of total leasing activity and nearly half of new supply in the first half of 2025, according to Colliers’ Asia Pacific Office Market Insights H1 2025.
Leasing across the top seven Indian cities touched 3.13 million square metres (33.7 million sq feet) in H1 2025, supported by continued expansion of global capability centres (GCCs), resilient domestic occupier activity, and a structural shift toward Grade A sustainable office spaces.
Domestic firms accounted for 46% of overall leasing, underlining the increasing role of India’s homegrown corporates in shaping demand.
While overall office take-up across the Asia-Pacific region grew 9.6% year-on-year to 4.5 million sq m, India’s contribution far outpaced its peers. Mainland China and Japan also anchored demand, collectively contributing alongside India to over 90% of APAC’s leasing activity.
Other markets witnessed robust but smaller-scale growth. Singapore recorded a twelvefold increase in leasing volumes, while the Philippines and Japan registered strong annual gains of 56% and 55%, respectively.
However, these surges were off lower bases compared to India’s consistently high activity levels.
On the supply side, new completions across APAC surged 45.4% year-on-year to 4.8 million sq m, with India, Mainland China, and Singapore together accounting for 80% of the additions. India alone delivered 48% of APAC’s new supply, supported by its strong Grade A pipeline.
With over 70% share in leasing and 48% of new supply in H1 2025, India continues to stand out as one of the most dynamic office markets in the APAC region.
The robust demand for Grade A office space in India is driven by continued occupier expansion, sustained GCC activity and a diversifying demand base. Domestic demand, in particular, is holding up well.
“Going forward, with supportive growth policies and sustained occupier momentum, India is well placed for a strong performance in the second half of 2025,” said Arpit Mehrotra, managing director, office services, at Colliers India.
Experts highlight that India’s office growth story is no longer just cyclical, but structural.
“India has moved beyond being a cost arbitrage market. It is now a strategic global hub for innovation, talent, and capability building. That is why we are seeing sustained occupier interest across technology, BFSI, and engineering services, alongside a strong domestic push,” said Shesh Rao Paplikar, founder and CEO of BHIVE Workspace.
Investors too are betting on the country’s long-term office growth. “The flight to quality is accelerating, with occupiers clearly preferring sustainable, Grade A assets that align with ESG mandates. Investors are actively chasing green-certified developments, which are set to become the next big differentiator in India’s office market,” said Quaiser Parvez, chief operating officer of Knowledge Realty Trust.
Colliers added that supportive macro fundamentals—easing inflation, stable interest rates, and resilient GDP growth—are further boosting occupier confidence.
While the demand pipeline remains robust, rising supply could put short-term pressure on vacancy levels in select micro-markets.
However, rental growth is expected in high-performing locations with limited availability of premium Grade A stock.
“The next growth phase will be defined by premium and sustainable workspaces that cater to evolving occupier strategies. India is ahead of the curve in adapting to these trends, which positions it as the anchor market for APAC office investments,” Mehrotra said.
Experts agree that India’s office sector is undergoing a structural transformation, led by a shift to flexible, future-ready workplaces, rising domestic corporate demand, and growing investor appetite for sustainable assets. This trajectory is expected to keep India firmly at the centre of Asia-Pacific’s office market through the rest of 2025 and beyond.
Leasing across the top seven Indian cities touched 3.13 million square metres (33.7 million sq feet) in H1 2025, supported by continued expansion of global capability centres (GCCs), resilient domestic occupier activity, and a structural shift toward Grade A sustainable office spaces.
Domestic firms accounted for 46% of overall leasing, underlining the increasing role of India’s homegrown corporates in shaping demand.
While overall office take-up across the Asia-Pacific region grew 9.6% year-on-year to 4.5 million sq m, India’s contribution far outpaced its peers. Mainland China and Japan also anchored demand, collectively contributing alongside India to over 90% of APAC’s leasing activity.
Other markets witnessed robust but smaller-scale growth. Singapore recorded a twelvefold increase in leasing volumes, while the Philippines and Japan registered strong annual gains of 56% and 55%, respectively.
However, these surges were off lower bases compared to India’s consistently high activity levels.
On the supply side, new completions across APAC surged 45.4% year-on-year to 4.8 million sq m, with India, Mainland China, and Singapore together accounting for 80% of the additions. India alone delivered 48% of APAC’s new supply, supported by its strong Grade A pipeline.
With over 70% share in leasing and 48% of new supply in H1 2025, India continues to stand out as one of the most dynamic office markets in the APAC region.
The robust demand for Grade A office space in India is driven by continued occupier expansion, sustained GCC activity and a diversifying demand base. Domestic demand, in particular, is holding up well.
“Going forward, with supportive growth policies and sustained occupier momentum, India is well placed for a strong performance in the second half of 2025,” said Arpit Mehrotra, managing director, office services, at Colliers India.
Experts highlight that India’s office growth story is no longer just cyclical, but structural.
“India has moved beyond being a cost arbitrage market. It is now a strategic global hub for innovation, talent, and capability building. That is why we are seeing sustained occupier interest across technology, BFSI, and engineering services, alongside a strong domestic push,” said Shesh Rao Paplikar, founder and CEO of BHIVE Workspace.
Investors too are betting on the country’s long-term office growth. “The flight to quality is accelerating, with occupiers clearly preferring sustainable, Grade A assets that align with ESG mandates. Investors are actively chasing green-certified developments, which are set to become the next big differentiator in India’s office market,” said Quaiser Parvez, chief operating officer of Knowledge Realty Trust.
Colliers added that supportive macro fundamentals—easing inflation, stable interest rates, and resilient GDP growth—are further boosting occupier confidence.
While the demand pipeline remains robust, rising supply could put short-term pressure on vacancy levels in select micro-markets.
However, rental growth is expected in high-performing locations with limited availability of premium Grade A stock.
“The next growth phase will be defined by premium and sustainable workspaces that cater to evolving occupier strategies. India is ahead of the curve in adapting to these trends, which positions it as the anchor market for APAC office investments,” Mehrotra said.
Experts agree that India’s office sector is undergoing a structural transformation, led by a shift to flexible, future-ready workplaces, rising domestic corporate demand, and growing investor appetite for sustainable assets. This trajectory is expected to keep India firmly at the centre of Asia-Pacific’s office market through the rest of 2025 and beyond.
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