Where are the growth hubs of the future? Savills analysis of the economic strengths of 245 locations reveals that the fastest-growing cities of the next decade will be concentrated in Asia.

Cities in Asia Pacific will account for three-quarters of the top 50 and 85% of the top 20.

Bengaluru in India tops our Growth Hubs Index, propelled by a highly educated population and the city’s growing popularity as a location for global capability centres. In second place, Ho Chi Minh City is benefiting from astute infrastructure investment and a growing middle class. Other Indian and Vietnamese cities complete the top five.

Chris Marriott, CEO of Savills South East Asia, says: “With a median age around 30 and a large portion of the population under 35, Southeast Asia’s growth hubs benefit from a powerful demographic tailwind.

“This demographic dividend is driving a young and expanding workforce, rising consumption and continued urbanisation, which is translating into stronger occupier demand around manufacturing and logistics, housing and mixed use developments.”

Asian cities are reaping the rewards of economic shifts. The diversification of Western supply chains, driven by China+1 strategies, is drawing Asian manufacturing up the value chain. Skilled employment is swelling the ranks of the middle class, creating new retail and leisure markets.