Bengaluru ranks second after Beijing in the list of top technology hubs in the Asia-Pacific region

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Bengaluru ranks second after Beijing in the list of top technology hubs in the Asia-Pacific region, according to a report by property consultants Cushman & Wakefield.

IMPORTANT FACTS -

• Cushman & Wakefield's latest report titled 'Tech Cities: The Global Intersection of Talent and Real Estate' identifies technology markets based on 14 criteria related to real estate and business environment.

• According to the report, Bengaluru, Chennai, Hyderabad and Delhi are the top technology hubs after Beijing in the Asia-Pacific region.

• Bengaluru was the leader in India with 2,30,813 technology job creation during the last financial year. It was followed by Chennai (1,12,781 jobs), Hyderabad (1,03,032 jobs) and Delhi (89,996 jobs).

• Globally, 46 top tech markets were identified from over 115 tech cities in total, and six of the 14 cities in the Asia Pacific region were in India.

• Bengaluru is one of the largest contributors to office space leasing with an average share of 25-30% in annual pan-India leasing activity between 2017 -2021.

• The technology sector accounts for an average of 38-40% of the annual leasing activity in the Bengaluru office market, which is higher than the national average of 35%.