Asia-Pacific Grade-A Office Supply to Reach Record 61.3 Million Sq Ft in 2026

Key Highlights

India is poised to become the largest contributor to Asia-Pacific's Grade-A office supply in 2026, accounting for nearly 40% of the region's new completions.
Total Grade-A office supply across the region is expected to reach a record 61.3 million sq ft in 2026, up 10.8% from 55.3 million sq ft in 2025.

India Cities Dominate New Supply Pipeline

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Among the top five Asia-Pacific markets expected to see the highest office completions in 2026, three are in India: Bengaluru, Mumbai, and Delhi NCR.
Bengaluru is forecast to lead the region with 12.1 msf of new Grade-A supply, supported by continued demand from global capability centres (GCCs).
Delhi-NCR is expected to add 7.1 msf while Mumbai will witness 5.1 msf supply.

Despite record-high supply levels, most developed Asia-Pacific markets will remain supply-constrained, particularly for high-quality, well-located office assets.
Occupiers are sharpening space requirements and prioritising premium buildings, while investors are focusing on income resilience and portfolio optimisation.

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Mumbai's BKC recorded the highest Grade-A office rental growth in the Asia-Pacific region in 2025, with rents rising 23.1% year-on-year.
In 2026, while Mumbai's BKC will sustain double-digit rental gains, the growth is likely to moderate to 12.5%.
Tokyo will continue with double-digit percentage growth in 2026, at 13.1%, on the back of low vacancy and occupiers' willingness to pay a premium for high-quality prime office space.