A research produced by DTZ
The average grade A office rent in Shanghai reached RMB 8.74 (US$1.40) per sq m per day as of end of Q1 2013. The citywide availability ratio rose slightly to 8.02%.
In this quarter, we saw average rent in the five selected retail hubs climb to RMB 59.8 (US$9.60) per sq m per day, but at a slower pace compared to the last quarter. The average occupancy rate climbed to 93.36%.
The average industrial rent continued to rise to reach RMB 59.21 (US$9.5) per sq m per month. Meanwhile, the total availability ratio in the market remained stable at 7.92%.
Transaction volume for high-end residential property amounted to 303,665 sq m, an increase of 74.3% quarter-on-quarter (q-o-q) and 210.4% year-on-year (y-o-y). The average transaction price of high-end non-serviced apartment saw a drop from RMB 58,678 (US$9,419) per sq m to RMB 50,636 (US$8,128) per sq m. In addition, the average transaction price for high-end villas decreased 8.13% q-o-q to RMB 46,008 (US$7,385) per sq m. These price changes were largely due to several big projects being launched in fringe downtown areas at a relatively low transaction price. If we look at the general picture, the prices of most of our tracked high-end residential projects have continued to increase.
Source : DTZ (Groupe UGL)