India Emerges as APAC's Most Resilient CRE Market: CBRE

Coldwell Banker Richard Ellis (CBRE) latest Asia Pacific Market Sentiment Survey has revealed that India has become the most resilient commercial real estate market in the Asia-Pacific (APAC) region, showing a sustained office, retail and industrial and logistics growth.

In contrast to Greater China and Australia where sentiment has weakened in the market, commercial property sector in India still enjoys occupier optimism mainly due to technology along with financial services and investment by Global Capability Centres (GCCs). The sentiments of the Office Market Index in India have surpassed 70 percent between September 2024 and June 2025, making this the strongest of the market sentiments in all Asia-Pacific (APAC).

• India leads APAC in commercial real estate resilience, driven by strong office, retail, and logistics growth despite regional slowdowns.
• Occupier optimism remains high in India, with IT and GCCs fueling office leasing, particularly in Bengaluru, Hyderabad, Delhi NCR, and Mumbai.
• Retail and logistics sectors in India outperform regional peers, supported by expansion in major metros and steady industrial demand.

At 18 million square feet (mn sq ft), different cities recorded 5 percent gross office leasing on a YoY expansion in the first quarter (Q1) of FY25 led by Bengaluru, Hyderabad, Delhi National Capital Region (NCR), and Mumbai in gross leasing. It is shown that leasing on the grounds of expansion by Information Technology (IT) and GCC occupiers has continued to fly high in the face of a downturn witnessed in Korea and Singapore.

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Retail in India is also reported to be performing steadily with retailers going into expansion in high-yield metros taking a beat off wholesale closures experienced in the APAC region. In the interim, the industrial & logistics market remains highly positive which maintains India at points above the 50 percent neutral indication across the three most significant segments: the office, the retail, and the logistics market, being the sole nation in the region with such extensive encouraged signs.

Chairman and Chief Executive Officer - India, South-East Asia, Middle East & Africa, CBRE Mr. Anshuman Magazine has put the growth on India having a diversified occupier base, infrastructure growth, and positive dynamics present among landlords. The Head of Research of APAC in CBRE, Ms. Ada Choi, claimed that due to the unique post-pandemic path and consistent rental patterns, India is also an outstanding choice of global companies diversifying their portfolios in Asia-Pacific.