Many cities across APAC continue to grow at an aggressive pace, leading to the emergence of new and exciting urban locations, reported DWS. These locations are often the home of rapidly expanding business clusters — centered around growth sectors such as technology, gaming or life sciences — and supported by improving infrastructure.
Areas such as Melbourne City Fringe and Brisbane’s Fortitude Valley in Australia, which are close to the CBD with high accessibility coupled with a “lifestyle” precinct with retail and entertainment amenities, are favored among start-ups and technology companies with a new generation of employees who prefer to live and work in the same area. And Macquarie Park in Sydney is an example of an established life sciences cluster where the co-location of such infrastructures is important for many of the life sciences and pharmaceutical companies, given R&D partnerships.
DWS believes these locations offer attractive office i
