Asian Commercial Real Estate Growing as World Percentage

• Proeksa Meas
• 15 January 2018
• Construction Focus
• 1660 Views

A recent study by CBRE has shown a rise in Asian commercial real estate as a percentage of global supply, with Tokyo representing the world’s biggest single market.

The Japanese capital tops the list with with a total value of investable real estate of USD711 billion, followed by New York (USD657 billion) and Los Angeles (USD482 billion). The US topped the nation’s list with its top cities performing well.

The top 10 cities in the world accounted for approximately USD4 trillion or 15 percent of global investable real estate stock.

Meanwhile, Asia Pacific’s five largest cities (Tokyo, Seoul, Osaka, Sydney, Melbourne) were found to amount to USD1.5 trillion. However, the study could not include data that was not available for all cities in the region, including China.