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Events / Business / India Leads APAC Office Supply Growth
Business market forecast

India Leads APAC Office Supply Growth

Analysis based on 10 articles · First reported Feb 23, 2026 · Last updated Feb 23, 2026

Sentiment
60
Attention
4
Articles
10
Market Impact
General
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Market Impact

The forecast of record Grade-A office supply in MSCI Asia Pacific Index, particularly in India, signals strong growth opportunities for real estate developers and investors in the region. The shift in investor preference towards office assets over industrial and logistics indicates a positive outlook for the commercial real estate sector, potentially leading to increased investment and rental growth in key markets like India — Mumbai and Japan — Tokyo.

Real estate Commercial real estate Construction
Event Summary

CBRE Group's '2026 Asia Pacific Real Estate Market Outlook' report forecasts a new peak in Grade-A office space supply in the MSCI Asia Pacific Index region, reaching 61.3 million square feet in 2026, a 10.8% increase from 2025. India is expected to contribute 40% of this supply, with its cities India — Bengaluru, India — Delhi-NCR, and India — Mumbai ranking among the top five markets for new office space. India — Bengaluru leads with 12.1 million square feet, followed by China — Shanghai at 10 million square feet. India and mainland China together are projected to account for over 75% of the total supply. This growth is driven by strong demand from Global Capability Centres (GCCs) and occupiers viewing India as a scalable, talent-rich destination. The report also notes that office assets have surpassed industrial and logistics as the most preferred investment sector in MSCI Asia Pacific Index for the first time in six years, according to CBRE Group's '2026 Asia Pacific Investor Intentions Survey'. Rental growth for Grade-A offices is expected to continue an upward trend, with India — Mumbai's BKC and Japan — Tokyo leading the growth.

Entities Involved
index
MSCI Asia Pacific Index
The MSCI Asia Pacific Index region is expected to see a new peak in Grade-A office space supply in 2026, with India and mainland China contributing over 75% of the total. Office assets have become the most preferred investment sector in this region.
Importance 90.0 Sentiment 60.0
stock
CBRE Group
CBRE Group published the '2026 Asia Pacific Real Estate Market Outlook' report, forecasting significant growth in Grade-A office supply in the Asia Pacific region, with India as a major contributor. CBRE Group also released the '2026 Asia Pacific Investor Intentions Survey', which highlighted office assets as the most preferred investment sector.
Importance 90.0 Sentiment 70.0
loc
China — Shanghai
China — Shanghai is projected to be the second-highest city for new office supply in 2026, with 10 million square feet.
Importance 75.0 Sentiment 60.0
loc
Japan — Tokyo
Japan — Tokyo Grade A offices saw significant rental growth in 2025 and are expected to continue double-digit percentage growth in 2026 due to low vacancy and demand for high-quality prime office space.
Importance 60.0 Sentiment 65.0
per
Anshuman Magazine
Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE Group, commented on India's growing dominance in the MSCI Asia Pacific Index office supply landscape, attributing it to strong demand drivers and India's appeal as a scalable, talent-rich destination.
Importance 50.0 Sentiment 0.0
per
Ada Choi
Ada Choi, Head of Research, Asia Pacific for CBRE Group, highlighted the importance of recalibration and innovation in real estate decision-making, noting occupiers' focus on high-quality buildings and investors' focus on income resilience.
Importance 50.0 Sentiment 0.0
per
Quaiser Parvez
Quaiser Parvez, chief operating officer, Knowledge Realty Trust, commented on India's office market entering a phase of disciplined and sustainable expansion.
Importance 30.0 Sentiment 0.0
per
Nirupa Shankar
Nirupa Shankar, joint MD, Brigade Group, attributed India's rising share of MSCI Asia Pacific Index Grade-A office supply to sustained demand from GCCs, AI-led enterprises, and long-term institutional capital.
Importance 30.0 Sentiment 0.0
loc
India — Bengaluru
Importance 0.0 Sentiment 0.0
loc
India — Mumbai
Importance 0.0 Sentiment 0.0
loc
India — Delhi
Importance 0.0 Sentiment 0.0
cnt
India
Importance 0.0 Sentiment 0.0
cnt
China
Importance 0.0 Sentiment 0.0
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