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Office Shanghai

April 2021

Report

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  • Erscheinungsdatum : 15.04.2021
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 663,64 kB
  • Sprache(n) : Englisch

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Inhalt

A good start to 2021

  • Actual foreign direct investment in Shanghai increased by 6.2% in 2020, versus a 42% plunge globally, indicating that the city remains attractive to foreign companies and economically resilient despite the pandemic.
  • Only one new project, Sunglow Riviera (South Tower), was handed over onto the Grade A office market, as several landlords delayed launches due to unsatisfactory pre-lease rates.
  • Net market absorption totalled 198,800 sq m in Q1/2021, of which 77% of the space was contributed by decentralised areas. Prime areas continued to record negative net take-up during the period as cost-saving leases continued to drive office demand.
  • Retail consumer companies remained active in taking up large office space in the city, with some eyeing recently completed developments.

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