Bengaluru among Top 5 Technology Centers In Asia Pacific
Bengaluru has ranked in the top 5 technology centers in Asia Pacific as per Colliers’ latest APAC report- Growth engines of innovation: Technology hubs reshaping real estate.
The top five technology centres in APAC are Beijing, Shanghai, Bengaluru, Shenzhen and Singapore. Other cities are developing strengths in specific areas of technology, e.g., Seoul and Hong Kong in fintech, while in Hyderabad and Sydney are emerging
Among upcoming Indian submarkets, Colliers highlights Whitefield and North Bengaluru in Bengaluru, Peripheral Business District in Hyderabad, and Noida Expressway and Golf Course Extension Road (Gurguram) in Delhi NCR, among others.
In APAC, technology occupiers should account for 20%-25% of office leasing demand in the next five years. The research identifies the most attractive technology submarkets across APAC to help occupiers plan their expansion. The emergence of technology groups as large owner-occupiers creates a new source of capital for investors planning asset disposals, as well as new opportunities for joint ventures and partnerships for developers.