Asia Pacific’s office market is showing clear signs of stabilization after two years of rental declines. Regional rents fell 0.2 percent year-on-year in 2025, compared with a 1.6 percent drop in 2024. Knight Frank’s Fourth Quarter 2025 Office Highlights also show a 0.7 percent quarter-on-quarter rise in prime rents, the strongest increase in more than three years, led by strong momentum in India’s major markets.
Regional rental growth is expected to remain modest in 2026, with vacancies rising up to 18 percent as more than 10 million square meters (108 million square feet) of new office space is completed across the region. In contrast, India’s office markets are set to outperform, with rents projected to rise between 7 percent and 10 percent, supported by strong demand for quality and flexible workspaces.
India’s three largest office marke
