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HONG KONG-Asia will, by far, lead the rest of the world in new office development next year, and likely for the next decade, according to CB Richard Ellis. In its report “Global Office Development Cycle: Where Are We Now?” the company predicts that only Asia among the four major global regions — Asia, Western Europe, North America, and the Pacific — will witness significant growth in office completions in 2010 and 2011.

Of the 293 million square feet of office expected to be completed in the next two years, about 65% will be in Asia, according to the report. About 24% of the rest will be in Western Europe, while only 8% will be in North America. About 4% will  take place in Australia and New Zealand.

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