Leading diversified professional services and investment management company Colliers has released the growth engines of innovation: How Asia Pacific’s technology hubs are reshaping regional real estate report, an in-depth analysis of how the growth of the APAC technology sector is transforming the region’s property markets. The report provides a new ranking of the most attractive technology submarkets within major APAC cities, which should serve as a navigation tool for technology groups, as they plan expansion.
Since these submarkets ought to attract strong occupier demand, property owners should also focus on these districts for investment and development opportunities. Arpit Mehrotra, Managing Director, Office Services (South India), commented: “While Bengaluru has been ranked in the top five technology centers in APAC, we also witness Hyderabad in the top 10 list. Offering a compelling balance of infrastructure and talent for occupiers and well-positioned to deliver future growth and investment opportunities for owners, ORR in Bengaluru is the epicenter of commercial leasing. In addition, while smaller than Bengaluru, Hyderabad is also attracting talent and multinational companies to the city. Rents are 15% to 20% cheaper than in Bengaluru.
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