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Office Wuhan

October 2021

Report

Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 15.10.2021
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 937,23 kB
  • Sprache(n) : Englisch

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Inhalt

Information technology remains resilience

  • In Q3/2021, Wuhan's Grade A office market witnessed no new supply, so the citywide Grade A office stock remained at 2.26 million sq m.
  • Information technology, business services and consumer services saw active leasing demand in the quarter, respectively accounting for 26.3%, 16.0% and 15.1%, ranking the top three among all industries. 
  • Rent declines released upgrade and relocation demand, which took up 44.2% of the citywide total, while new set-ups were also in demand, accounting for 26.5%. The implementation of the "double reduction" policy for compulsory education has driven out many online education companies.
  • The citywide Grade A office net take-up recorded 40,000 sq m, a 12.1% quarter-on-quarter (QoQ) decrease. By the end of the quarter, the average Grade A office vacancy rate declined 1.8 percentage points (ppts) to 35.1%.

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