Beijing – Investment volume remains buoyant
The Beijing investment market remained buoyant in Q4 2013. 43 major investment deals (each with a transaction amount exceeding US$10 million) were recorded. As the government continued to increase residential land supply, 17 residential land transactions were recorded, an increase of 41.7% quarter-on-quarter (q-o-q).
Tianjin – Core area office demand remains strong
In Q4, vacant office space with excellent location and high quality management services remained tight. With less pressure to find tenants, landlords of such competitive properties raised their asking rents. Thus this quarter, both the average asking and achieved rental increased by 0.16% q-o-q to RMB 124. 5 (US$20.4) per sq m per month and RMB 120.8(US$19.8) per sq m per month respectively.
Shenyang – Availability ratio drops 10.6 percentage points quarter-on-quarter
There were no new projects in the Shenyang grade A office market. The availability ratio in Shenyang dropped from 16.2% in Q3 to 14.5% in Q4, dropping 10.6 percentage points.
Dalian – Fashion, food and beverage brands keep expanding
Although retail leasing demand has slowed, fashion, food and beverage brands continue to expand. This quarter, numerous food and beverage outlets and foreign retailers continued to expand rapidly in the city.
Qingdao – Children’s goods and catering active in retail market
The prime commercial market continued to see no new supply. Benefiting from growing consumption, Qingdao’s retail market continued to witness buoyant trading conditions and the proportion of the children’s goods retailers and catering outlets in the retail market continued to expand.
Xi’an – Retail overall rent increases slightly
In Q4 2013, three new shopping malls came on stream, bringing 511,000 sq m of new supply to the Xi’an high-end retail market. The overall rent was pushed up by 5.5% q-o-q because the new supply comprises three new competitive shopping centres which are situated along the city’s main metro line and located in core downtown shopping hub areas.
Source : DTZ (Groupe UGL)