Tech and the real estate trajectory

Technology is the most important business sector globally. This fast-growing sector makes up 65% of the world’s top 20 public companies by market capitalisation.

In fact, technology companies are now the major booster of office leasing across APAC, possibly accounting for 20-25% of demand for office space in the region over the next five years, the Colliers’ report says.

It is no different in Auckland, where there are a number of technology clusters, providing opportunities for developers and investors, according to Chris Dibble national director of research at Colliers.

While the sector continues its aggressive expansion, Colliers’ experts say landlords and investors should get busy responding to the requirements of technology groups looking for redevelopment or conversion opportunities for built-to-suit office space as well as landbanks to roll out logistics and data centre platforms.