India, China, Japan Lead Asia-Pacific Office Leasing
Real Estate

India, China, Japan Lead Asia-Pacific Office Leasing

India, Mainland China and Japan dominated office leasing activity across Asia-Pacific in the first half of 2025, jointly driving more than 90 per cent of regional demand, according to Colliers’ Asia Pacific Office Market Insights H1 2025 report.
Leasing activity across 11 major APAC markets – including Australia, Hong Kong, Indonesia, Singapore, South Korea and Taiwan – reached 4.5 million square metres (48.4 million square feet) in H1 2025, marking a 9.6 per cent year-on-year rise. Singapore was the standout performer, with demand rising twelvefold compared to last year. The Philippines and Japan also saw strong growth of 56 per cent and 55 per cent respectively.
Supply, however, rose faster than demand, climbing 45.4 per cent year-on-year to 4.8 million square metres (51.7 million square feet). Mainland China, India and Singapore contributed nearly 80 per cent of this new supply, while Australia, New Zealand and Japan recorded annual increases of more than 80 per cent.
Arpit Mehrotra, Managing Director, Office Services, Colliers India, said the APAC office market showed “remarkable resilience” with both demand and supply strengthening despite global challenges. He noted that supportive growth policies and steady occupier momentum position India and the wider region for a strong second half of 2025.
India alone accounted for more than 70 per cent of APAC’s leasing and 48 per cent of its new supply in H1 2025. Domestic occupiers contributed 46 per cent of leasing volumes in India’s top seven cities, underlining robust demand fundamentals.
Vimal Nadar, National Director & Head of Research, Colliers India, said sustained GCC activity, occupier expansion and a diversifying demand base are driving robust demand for Grade A office space. With a strong pipeline and improving macroeconomic conditions, India’s outlook remains positive.
Across the region, companies are increasingly favouring prime Grade A, sustainable offices aligned with long-term ESG goals. Mike Davis, Managing Director of Occupier Services, Asia Pacific, noted that flexibility and sustainability are now central to corporate priorities, with momentum expected to strengthen through the second half of 2025.
While demand is projected to remain healthy, the surge in supply could place upward pressure on vacancy rates. Select high-performing markets may experience rental growth, with investor appetite for green-certified buildings reinforcing the region’s transition to a more future-ready office landscape.

India, Mainland China and Japan dominated office leasing activity across Asia-Pacific in the first half of 2025, jointly driving more than 90 per cent of regional demand, according to Colliers’ Asia Pacific Office Market Insights H1 2025 report.Leasing activity across 11 major APAC markets – including Australia, Hong Kong, Indonesia, Singapore, South Korea and Taiwan – reached 4.5 million square metres (48.4 million square feet) in H1 2025, marking a 9.6 per cent year-on-year rise. Singapore was the standout performer, with demand rising twelvefold compared to last year. The Philippines and Japan also saw strong growth of 56 per cent and 55 per cent respectively.Supply, however, rose faster than demand, climbing 45.4 per cent year-on-year to 4.8 million square metres (51.7 million square feet). Mainland China, India and Singapore contributed nearly 80 per cent of this new supply, while Australia, New Zealand and Japan recorded annual increases of more than 80 per cent.Arpit Mehrotra, Managing Director, Office Services, Colliers India, said the APAC office market showed “remarkable resilience” with both demand and supply strengthening despite global challenges. He noted that supportive growth policies and steady occupier momentum position India and the wider region for a strong second half of 2025.India alone accounted for more than 70 per cent of APAC’s leasing and 48 per cent of its new supply in H1 2025. Domestic occupiers contributed 46 per cent of leasing volumes in India’s top seven cities, underlining robust demand fundamentals.Vimal Nadar, National Director & Head of Research, Colliers India, said sustained GCC activity, occupier expansion and a diversifying demand base are driving robust demand for Grade A office space. With a strong pipeline and improving macroeconomic conditions, India’s outlook remains positive.Across the region, companies are increasingly favouring prime Grade A, sustainable offices aligned with long-term ESG goals. Mike Davis, Managing Director of Occupier Services, Asia Pacific, noted that flexibility and sustainability are now central to corporate priorities, with momentum expected to strengthen through the second half of 2025.While demand is projected to remain healthy, the surge in supply could place upward pressure on vacancy rates. Select high-performing markets may experience rental growth, with investor appetite for green-certified buildings reinforcing the region’s transition to a more future-ready office landscape.

Next Story
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App