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East China : Multi-sector Snapshot - Q1 2016

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East China : Multi-sector Snapshot - Q1 2016

Due to the tight available space in major core areas like Lujiazui and Jing’an, the Shanghai city average grade A office rental increased by 1.7% over the last quarter, to RMB 282.8 per sq m per month. Meanwhile, a large amount of supply continued to hit emerging markets, such as the Hongqiao Hub and the North Bund area, lifting the availability ratio and increasing competitive pressure in these areas. Looking forward, we expect the citywide office market to continue to grow stably, but there will be market differentiation across the city.

Source : Cushman & Wakefield 

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