Explores the key drivers of demand, the regional nuances shaping growth, and the emerging expectations of tenants across China, India, and Southeast Asia.
The Asia-Pacific office market has expanded rapidly over the past decade. Grade-A office stock has nearly doubled to over 2.3 billion square feet, while occupied space has increased by almost 900 million square feet. Two-thirds of this demand has been driven by 17 cities across India, Southeast Asia and the Chinese mainland.
Key Highlights:
- Grade-A office stock in APAC has nearly doubled to 2.3 billion sq.ft over the past decade.
- Companies are taking a “Flight to quality approach” looking for ESG-aligned and tech-enabled buildings.
- 2/3rd of demand has been driven by 17 cities across India, SEA and China mainland.
