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

Guangzhou*

241.0

Sydney

3.8%

Bengaluru

31.2

Delhi-NCR

220.6

Brisbane

3.3%

Hyderabad

28.3

Jakarta

96.3

Kolkata

2.6%

Delhi-NCR

18.4

Tokyo Prefecture

71.3

Manila

2.1%

Guangzhou

18.1

Hong Kong

69.1

Melbourne

2.1%

Tokyo

16.7

Ho Chi Minh City

63.3

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

Mumbai Overall

13.4

Singapore

46.0

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

Ahmedabad

1.9%

Chennai

12.5

Seoul

45.0

Beijing

1.5%

Jakarta

12.2

Brisbane

25.0

Shanghai

1.4%

Chengdu

12.0

Melbourne

22.9

Delhi-NCR

1.3%

Pune

11.9

Sydney

20.8

Bengaluru

0.8%

Ahmedabad

7.7

Kuala Lumpur

19.0

Guangzhou

0.6%

Hong Kong

5.9

Bangkok

17.6

Hong Kong

0.3%

Kolkata

5.6

Taipei City

4.9

Ho Chi Minh City

-0.1%

Seoul

5.5

Taipei City

-0.3%

*Full-time services sector employees only

Singapore

3.8

Shenzhen

-0.4%

Melbourne

3.6

Seoul

-0.8%

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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