# APAC office leasing demand holds firm amidst 37% drop in new supply

- **Source:** Real Estate Asia
- **Published:** 2026-09-07T23:10:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/apac-office-leasing-demand-holds-firm-amidst-37-drop-in-new-supply
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Constrained supply and sustained preference for high-quality offices could keep vacancies broadly stable and place upward pressure on average rents across most markets.

## AI summary

Office leasing across 11 Asia Pacific markets reached 4.6 million sq. m. in H1 2026, while new supply fell 37% year on year.

## Original article

Leasing activity hit 4.6m sqm in the first half of 2026.

Asia Pacific office markets remained resilient in the first half of 2026, with healthy occupier demand and leasing activity despite heightened geopolitical and trade uncertainty, according to Colliers' latest Asia Pacific Office Market Insights H1 2026 report.

Leasing activity reached 4.6 million sq. m. across 11 Asia Pacific markets during the six months, supported by steady business momentum and occupiers' continued preference for high-quality office assets, Colliers said.

India, Mainland China and Japan accounted for more than 95% of regional leasing activity and more than 90% of new office supply. Hong Kong and Taiwan recorded strong growth in demand, while leasing volumes declined significantly year on year in New Zealand, Indonesia and Singapore.

Supply remained comparatively constrained, with 3 million sq. m. of new office space completed during H1, down 37% year on year. India and Mainland China accounted for more than 80% of completions.

"The APAC office market is entering the second half of 2026 with growing momentum," said Mike Davis, managing director, occupier services, Asia Pacific, at Colliers. He said occupiers were increasingly concentrating demand on best-in-class assets to attract talent, improve productivity and support business growth.

Colliers said limited supply in several gateway markets, combined with improving investment sentiment, was creating a favourable environment for continued leasing activity.

The report also highlighted Asia Pacific's role as a key contributor to global economic expansion. A resilient regional growth outlook and likely stability in interest rates are expected to support business confidence and investment, although geopolitical risks and trade uncertainty remain potential headwinds.

Looking ahead, Colliers expects supply and demand to remain healthy, supported by strong occupier activity and continued demand for high-quality offices. Vacancy rates are expected to remain broadly stable across most markets, while sustained demand is likely to put upward pressure on average rents, Davis said.

## Chinese translation

> Translation model: grok_cli

### 亚太写字楼租赁需求在新增供应下降37%之际保持稳健

亚太写字楼市场在2026年上半年保持韧性，租户需求与租赁活动稳健，尽管不断加剧的地缘政治和

2026年上半年租赁成交量达460万平方米。

亚太写字楼市场在2026年上半年保持韧性，尽管地缘政治和贸易不确定性加剧，租户需求与租赁活动仍稳健，这是Colliers最新《亚太写字楼市场洞察2026年上半年》报告的结论。

过去六个月，11个亚太市场的租赁成交量达460万平方米，受业务动能平稳以及租户持续偏好高品质写字楼资产支撑，Colliers表示。

印度、中国内地和日本合计占区域租赁成交量的95%以上，以及新增写字楼供应的90%以上。香港和台湾需求录得强劲增长，而新西兰、印度尼西亚和新加坡的租赁量同比大幅下降。

供应仍相对受限，上半年新竣工写字楼面积为300万平方米，同比下降37%。印度和中国内地合计占竣工量的80%以上。

“亚太写字楼市场正以增强的动能进入2026年下半年。”Colliers亚太区租户服务董事总经理Mike Davis表示。他说，租户正日益将需求集中于一流资产，以吸引人才、提高生产力并支持业务增长。

Colliers表示，多个门户市场供应有限，叠加投资情绪改善，正在为租赁活动持续进行创造有利环境。

报告还强调，亚太地区是全球经济扩张的重要贡献者。具有韧性的区域增长前景以及利率可能保持稳定，预计将支撑商业信心和投资，不过地缘政治风险和贸易不确定性仍是潜在逆风。

展望未来，Colliers预计供需将保持健康，受租户活动强劲以及对高品质写字楼持续需求的支撑。Davis表示，多数市场的空置率预计将大体保持稳定，而持续需求可能对平均租金构成上行压力。