India to contribute 40% of APAC’s 61.3 million sq ft Grade-A office supply in 2026: CBRE

Bengaluru: India is set to dominate the Asia Pacific (APAC) office supply cycle in 2026, emerging as the region's single largest growth engine for Grade-A workspaces.

Of the 61.3 million sq ft of new office supply expected across APAC this year, nearly 40% is projected to come from India, underscoring its rising importance in global occupier strategies.

Overall Grade-A office supply in APAC is forecast to rise 10.8% year-on-year to 61.3 million sq ft in 2026, from 55.3 million sq ft in 2025 on a net floor area (NFA) basis.

Along with mainland China, India is expected to contribute over 75% of total regional supply in 2026, highlighting the concentration of new development in a handful of high-growth markets, said CBRE.

"India's growing dominance in the APAC office supply landscape reflects the structural depth of the demand drivers in the country," said Anshuman Magazine, chairman and CEO-India, South-East Asia, Middle East & Africa at CBRE. "Even amid global macroeconomic recalibration, occupiers are viewing India as a scalable, talent-rich destination for multi-functional growth."

Among the top five APAC markets expected to see the highest new office completions in 2026, three are from India. Bengaluru is projected to add the highest supply at 12.1 million sq ft, followed by Shanghai at 10 million sq ft and Delhi-NCR at 7.1 million sq ft. Mumbai is expected to add 5.1 million sq ft, while Shenzhen rounds off the top five with 4.9 million sq ft, the consulting firm said in its latest findings.

"It reflects the structural depth of occupier demand that we are witnessing on the ground. As occupiers consolidate into high-quality, institutionally managed Grade-A ecosystems, India's office market is entering a phase of disciplined and sustainable expansion, underpinned by both leasing momentum and resilient balance sheets," said Quaiser Parvez, chief operating officer, Knowledge Realty Trust.

In Bengaluru, fresh supply will continue to be anchored by sustained demand from global capability centres (GCCs), as multinational firms expand engineering, product development and AI-led operations in the city.

Delhi-NCR and Mumbai are also seeing steady traction from consulting firms, BFSI players and flexible workspace operators.

"India's rising share of APAC Grade-A office supply is being driven by sustained demand from GCCs, AI-led enterprises and long-term institutional capital," said Nirupa Shankar, joint MD, Brigade Group.