Office Chongqing

Inhalt

• No new projects entered the market in Q3/2019, and the total stock of Grade A office remained at 2,310,000 sq m.
• Net absorption was 43,000 sq m, an increase of 53% quarter- on-quarter (QoQ), and the overall vacancy rate dropped by 2.5 percentage points (ppts) to 32.5%.
• The average rent of the Grade A office market in Chongqing fell by 1.1% QoQ to RMB86.5 per sq m per month due to increased competition between landlords.
• The 2019 China Smart Expo was held successfully in Chongqing during the quarter, showcasing the growth and scale of emerging industries such as big data and information technology.