Office leasing activity in the Asia Pacific region reached an impressive 4.6 million square metres during the first half of 2026, according to Colliers’ latest report. Despite geopolitical uncertainties, the demand for high-quality office spaces remained robust, driven by steady business momentum.
India, Mainland China, and Japan were the primary contributors, accounting for over 95% of the leasing activity. These markets also represented more than 90% of new office supply. Meanwhile, Hong Kong and Taiwan experienced significant demand growth, contrasting with notable declines in leasing volumes in New Zealand, Indonesia, and Singapore.
Mike Davis, Managing Director of Occupier Services at Colliers Asia Pacific, highlighted the region’s momentum: “As occupiers double down on high-quality workplaces to attract talent, drive productivity, and support business growth, regional demand is increasingly concentrating in best-in-class assets.”
The report noted that new office supply was subdued at 3 million square metres, marking a 37% year-on-year decline. India and Mainland China dominated new completions, accounting for over 80% of the total.
Looking ahead, the Asia Pacific region is expected to maintain its role as a key contributor to global economic growth. The report suggests that stable interest rates and resilient growth prospects will bolster business confidence and investments, although geopolitical risks remain a concern. Davis added, “Vacancy levels are likely to remain stable across most markets, whilst sustained demand is expected to drive average rentals upward.”
