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Retail Xi’an

July 2020

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 15.07.2020
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 453,29 kB
  • Sprache(n) : Englisch

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Inhalt

  • In 1H/2020, the average vacancy rate in Xi'an increased by 2.8 percentage points (ppts) QoQ to 7%, up 3.3 ppts YoY and reaching a ten-year historical high.
  • There were no new projects in the Xi'an retail property market in Q2/2020, and the total stock of the market remained at 5.79 million sq m.
  • Rent in the city fell 0.1 of a ppt YoY to RMB327.8 per sq m per month.
  • Some shopping malls have been extensively renovated and cleared of tenants, while a large number of businesses have closed due to poor operations.
  • The Xi'an government began issuing vouchers in May to guide and expand consumption and boost business in the city. At the same time, many companies implemented special outdoor activities, using these offline marketing activities to drive commercial retail consumption in Xi'an.

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