In Q1 2016, the Grade-A office markets in major Greater China cities continued to perform well. Beijing continued to witness robust demand from domestic companies in finance, internet and IT-related sectors. Both prices and rents saw moderate growth. In Shanghai, the market remained active thanks to strong demand. Rents in the core business district continued to increase, driven by a dropping vacancy rate. Office sales surged in Guangzhou, benefitting from policy relaxation since 2015, which in turn lifted prices. Rents in the city, meanwhile, remained stable as tenants enjoyed an abundance of choices.
Source : Knight Frank