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Retail Shenzhen
October 2019
Inhalt
- Shenzhen's retail sales increased to RMB362.5 billion from January to July 2019, up 7.0% year-on-year (YoY).
- Four retail projects, One Avenue, Town City, Yitian Holiday Village and Uniworld Zone B, with a total GFA of 346,000 sq m were completed in Q3/2019, increasing the total stock of the Shenzhen retail property market stock by 8.0% quarter-on-quarter (QoQ) to approximately 4.7 million sq m.
- The city-wide average vacancy rate edged up by 0.3 of a percentage point (ppt) QoQ to 4.3%.
