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The tier I office market in Beijing, Shanghai, Guangzhou and Shenzhen has undergone a phase of dynamic expansion over the past nine years, during which time it grew in size by 240%, to where it now stands 22 million sq m.
The total value of Grade A market cap has similarly witnessed a threefold increase in value over the past five years, rising to the level of RMB 1.291 trillion, driven both by the successive wave of office completions as well as capital appreciation, which has averaged 10% per annum.
Source : DTZ
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