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GLOBAL TOP 25: OFFICE VACANCY
MARKET
RANK
2016
AVERAGE
VACANCY
2016
RANK
2019
AVERAGE
VACANCY
2019
Manila
1
2.3%
12
6.9%
Vienna
2
3.0%
10
6.7%
Berlin
3
3.3%
2
3.1%
Tokyo
4
3.9%
11
6.7%
Munich
5
4.3%
3
3.3%
Toronto
6
4.3%
4
3.9%
Winnipeg
7
4.3%
15
7.4%
London
8
4.4%
7
4.8%
Luxembourg
9
4.9%
8
5.9%
Vancouver
10
5.2%
9
6.3%
Nashville
11
5.4%
32
10.3%
Ho Chi Minh City
12
5.7%
75
17.6%
Bangkok
13
6.0%
6
4.5%
Singapore
14
6.1%
21
8.5%
Sydney
15
6.2%
1
2.4%
Bengaluru
16
6.3%
5
4.3%
Melbourne
17
6.4%
17
7.8%
Ottawa
18
6.5%
14
7.3%
Beijing
19
6.6%
74
16.8%
Hong Kong
20
7.0%
45
11.5%
Seattle
21
7.8%
50
12.4%
San Francisco
22
8.0%
31
10.2%
Raleigh/Durham
23
8.1%
16
7.7%
Hyderabad
24
8.1%
43
11.5%
Paris
25
8.6%
20
8.2%
For full list of global rankings,
see appendix .60%
of world’s
construction will take
place in APAC