Asia Pacific is home to half of the top 10 best-performing cities in the world for innovation and talent, including Beijing (second), Tokyo (fourth), Seoul (sixth), Singapore (seventh) and Shanghai (ninth), according to JLL’s Innovation Geographies 2024, which examines how innovation continues to influence real estate location and portfolio strategies, based on the dynamics of 108 cities globally. Despite the increasing competition for talent and challenges relating to costs of housing and doing business, these innovation hubs remain distinguished by access to critical capital and funding as well as the breadth and depth of skilled workers.

Throughout the next decade, market specialisation, talent migration, sustainability goals and new technologies such as artificial intell