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Bengaluru and Gurugram are among the top five Asia-Pacific destinations for technology offices, due to better business conditions as well as the availability of engineers and real estate for growth, according to a report from the real estate consultant CBRE.
The report adds that technology companies continue to meet the demand for offices in the APAC region, despite the absence of a city or main group of the same status as Silicon Valley. The technology sector accounted for 23% of total leasing activity in 2018.
The study ranked 15 cities in the Asia-Pacific in three categories, based on their performance in this area. regarding the economic situation, the environment of innovation, costs and availability.
The conditions and environment of innovation each received a weighting of 40%, while the cost, a relatively less important consideration for technology companies, was weighted by 20%.
"The main cities are Beijing, Bengaluru, Shanghai, Singapore and Gurugram." Cities are prime destinations for a wide range of traditional and emerging technology companies looking to position themselves to drive business growth. " , says the report.
Establish a base of operations in Asia-Pacific.
Hyderabad is listed as a five-city city along with Hangzhou, Shenzhen, T okyo and Seoul. sub-sectors of the technology industry and show strong performance in most categories.
Five alternate cities are Hong Kong, Hsinchu, Sydney, Taipei and Auckland, which have favorable views on some important aspects, but their most appropriate role is to host specific functions to supplement larger poles elsewhere in the region.
"The India is home to a growing number of unicorns and the Asia-Pacific region defined as the region leading the rapid adoption of disruptive technologies. However, much remains to be done to identify the sites in which market conditions, innovation and talent unite to form a globally competitive digital hub, "said President Anshuman. Magazine, The Managing Director, CBRE India.
Magazine, which also runs activities in Southeast Asia, the Middle East and Africa, explained that access to incubator programs and Accelerators and a vast pool of skilled IT talent based in Delhi-NCR and Bengaluru had fostered the cultivation of new ideas.
The observations were formulated in the latest report of CBRE titled "Programming Technology Cities of the United States." Asia-Pacific as Global Technology Poles ",
" The Asia-Pacific has 8.4 million graduates in Science, Technology, Engineering and Mathematics (STEM), of which 30% are in India, which is huge, "he added.
See also: CBRE-Nbadcom Partners to Support Technology Startups Looking to Transform Real Estate
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