India emerges as Asia-Pacific’s top office real estate market on robust leasing sentiment: Report

India has emerged as the most resilient commercial real estate market in the Asia-Pacific region, with sustained growth across the office, retail, and industrial & logistics segments, according to Coldwell Banker Richard Ellis (CBRE)'s latest Asia Pacific Market Sentiment Survey. Unlike Greater China and Australia, where market sentiment has softened, India’s commercial property market continues to exhibit strong occupier confidence, driven by demand from technology, financial services, and continued investments by Global Capability Centres (GCCs). India’s Office Market Sentiment Index crossed the 70% mark between September 2024 and June 2025, the highest among all Asia-Pacific (APAC) markets. Gross office leasing rose 5% YoY in Q1 FY25, reaching 18 million square feet across nine cities, led by Bengaluru, Hyderabad, Delhi National Capital Region (NCR), and Mumbai. Expansion-led leasing by Information Technology (IT) and GCC occupiers continues to thrive, contrasting with a slowdown in Korea and Singapore.
India’s retail segment also reflects resilience, with retailers strategically expanding in high-yield metro locations, avoiding the widespread closures seen elsewhere in APAC. Meanwhile, the industrial & logistics sector continues to show strong sentiment, keeping India above the 50% neutral line across all three core sectors—office, retail, and logistics, making it the only country in the region with such broad-based optimism. Chairman and CEO - India, South-East Asia, Middle East & Africa, CBRE Mr. Anshuman Magazine attributed the growth to India’s diversified occupier base, infrastructure expansion, and favourable landlord dynamics. Head of Research for APAC at CBRE, Ms. Ada Choi, added that India’s distinctive post-pandemic trajectory and stable rental trends make it a prime destination for global enterprises diversifying their portfolios in Asia-Pacific.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.