A Cushman & Wakefield Research Publication - 2017 Global Forecast
APAC: COMPLETIONS FORECAST 2017-2019
APAC: AVERAGE ANNUAL RENT GROWTH FORECAST
APAC: TOTAL OFFICE JOBS CREATED 2017-2019
COMPLETIONS (msf) 2017 - 2019
2017 - 2019 (000’s)
*RENT GROWTH 2017 - 2019
RANK CITY
RANK CITY
RANK CITY
1
1
Beijing
69.7
Beijing*
531.8
1
Hyderabad
8.2%
2 3 4 5 6 7 8 9
2 3 4 5 6 7 8 9
Shenzhen
57.5
Shanghai*
454.5
2 3 4 5 6 7 8 9
Singapore
6.8%
Shanghai
44.9
Shenzhen*
305.9
Bangkok
3.9%
Manila
31.5
Bangalore
243.8
Sydney
3.8%
Bengaluru
31.2
Guangzhou*
241.0
Brisbane
3.3%
Hyderabad
28.3
Delhi-NCR
220.6
Kolkata
2.6%
Delhi-NCR
18.4
Manila
139.4
Manila
2.1%
Guangzhou
18.1
Jakarta
96.3
Melbourne
2.1%
Tokyo
16.7
Tokyo
71.3
Chennai
2.0%
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
10 11 12 13 14 15 16 17 18 19
Mumbai Overall
13.4
Hong Kong
69.1
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Ahmedabad
1.9%
Chennai
12.5
Ho Chi Minh City
63.3
Beijing
1.5%
Jakarta
12.2
Singapore
46.0
Shanghai
1.4%
Chengdu
12.0
Seoul
45.0
Delhi-NCR
1.3%
Pune
11.9
Brisbane
25.0
Bengaluru
0.8%
Ahmedabad
7.7
Melbourne
22.9
Guangzhou
0.6%
Hong Kong
5.9
Sydney
20.8
Hong Kong
0.3%
Kolkata
5.6
Kuala Lumpur
19.0
Ho Chi Minh City
-0.1%
Seoul
5.5
Bangkok
17.6
Taipei City
-0.3%
Singapore
3.8
Taipei City
4.9
Shenzhen
-0.4%
Melbourne
3.6
Seoul
-0.8%
*Full-time services sector employees only
Taipei City
3.3
Pune
-0.9%
Sydney
3.0
Mumbai Overall
-0.9%
Kuala Lumpur
2.6
Kuala Lumpur
-1.4%
Ho Chi Minh City
1.2
Jakarta
-1.7%
Brisbane
0.7
Tokyo Prefecture
-3.4%
Bangkok
0.3
*Average annual growth rate, Class A
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