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Global office construction to hit 700 million sq ft by 2019

By the end of 2019, the total office construction planned is equivalent of five cities worth. A staggering 700 million sq ft of new space is set to be completed by 2019. Equal to the total amount of space currently in the London, Washington, Dallas, Singapore and Shanghai markets. Asia is seeing the biggest increase in office development, accounting for almost 60% of the construction; Beijing, Shanghai, Manila are at the forefront of this.