Top 10 Cities in Asia Pacific for Flexible Office Space Stock
Top 10 Cities in Asia Pacific for Flexible Office Space Stock
Asia Pacific is the part of the world that is comprised of countries near the western Pacific Ocean. Depending upon the context it often includes areas such as East Asia, Southeast Asia and Oceania. Nevertheless, it should come as no surprise that it remains a region of strategic importance. Hence it becomes important to discuss the top 10 cities in this region for the Flex Space Market.
Bengaluru is the largest city in the South Indian state of Karnataka. It is one of the most populous cities in the world. Due to the presence of well-established enterprises in IT firms, it is known as the “Silicon Valley of India”. In current times it is widely considered as one of the fastest growing metropolitan areas. For such reasons, it remains a top destination for office space.
It is one of the major cities in the People’s Republic of China. This city is regarded as its commercial centre. Hence it should not come as a surprise that it is home to some of the prominent enterprises that have their offices in this city. For the most part, it is described as the showpiece of the booming economy of China. According to reports Shanghai has flex office space of around 10 million square feet.
The region of Delhi NCR encompasses the region that is centred around the National capital of India. It comprises Delhi and other districts surrounding it. It is regarded as one of the prominent locations for office space. Enterprises of different domains often seek Furnished Office Space in Delhi-NCR due to its strategic location and suitable working environment. Approximately Delhi NCR offers flex office space of an area of around 8.4 sq. million feet.
Beijing is the capital of the People's Republic of China. It is the world's most populous capital city and the second-largest city in China after Shanghai. Being a global city, it is a leading centre for finance, business and economics. This city is well connected by highway, expressway and high-speed rail networks. Being an important centre for commercial operations it has around 7.5 million square feet stock of office space available for enterprises.
Seoul is the capital city and largest metropolis in the country of South Korea. This city is widely considered as a global city. This city is headquartered in 15 of Fortune 500 companies, hence it would be wise to say that Seoul offers a favourable business environment. It is evident from the fact that it has a flex office stock of around 6.5 million square feet.
Tokyo is the most populous city and capital of Japan. This city is widely considered one of the most livable cities in the world. Tokyo is an international research and development hub. This city is widely regarded to have one of the best transportation networks in the world. Based upon the findings of credible reports the flexible office stock area available is around 6.5 million square feet.
Hyderabad is the capital and largest city of the Indian state of Telangana. With a wide presence of IT companies, this city is also called Cyberabad. The Flex Spaces in Hyderabad are in high demand among enterprises. Over the years this city has emerged to become the India hub of pharmaceuticals and biotechnology. The formation of HITEC city in this region has prompted several multinational corporations to lease an office in this city.
This city is on the central coast of China. This city is a global centre in technology, research and manufacturing. Due to its status as a leading technology hub, Shenzhen is often regarded as the Silicon Valley of China. Several mobile technology firms have their offices in this city. This city is believed to have a flexible office stock of around 5.6 million sq. ft.
Known as the city of dreams, Mumbai is India's commercial and financial capital. Mumbai is home to stock exchanges and other financial institutions. This city is strategically located to be accessible to other parts of India, making it a valuable lease office. Along with this, the city is gifted with a talented workforce who contribute significantly towards the success of this city.
Singapore is an island country in Southeast Asia. Known for its multi-cultural inclusion this city has attracted professionals from across the globe. It has consistently been ranked as one of the most developed regions globally. Likewise, this region has approximately 4 million square feet of flex office space available.
Conclusion
While every city has its advantages and features, these sites have seen heavy demand for office space among enterprises. Post-pandemic the Flex Space Market has seen significant growth. It is estimated that the status of these cities as a commercially viable location for business of different domains is to remain consistent in the Asia Pacific region.