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Office and retail sectors Shenyang Q3 2013


Reihe: Savills Briefing

Anbieter: Savills

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  • Erscheinungsweise: Quartalsweise
  • Berichtszeitraum: 3. Quartal 2013
  • Erscheinungsdatum : 30.11.2013
  • Seiten : 5 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 770,42 kB
  • Sprache(n) : Englisch

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  • One new project, the 43,000-sq m Shenyang Tiandi Tower B, entered the market in Q3/2013.
  • Grade A office city-wide vacancy rates rose by 2.7 percentage points (ppts) in Q3/2013 to 20.4%, due to the launch of a new project.
  • Net take-up registered 16,000 sq m in Q3/2013, with year-to-date (YTD) net take-up reaching 36,000 sq m.
  • Grade A office rents rose by 0.8% quarter-on-quarter (QoQ) to an average of RMB136.3 per sq m per month (including management fees), with YTD growth constrained to just 1.6%.
  • Six Grade A office projects are expected to launch in Q4/2013, adding 375,000 sq m to the market and increasing current stock by 47%.
  • Shenyang's fourth Wanda Plaza debuted in Q3/2013, adding 170,000 sq m of retail GFA to the mid- to high-end retail market, while two department stores located in Taiyuanjie were closed, leaving total retail stock at 4.6 million sq m.
  • City-wide retail vacancy rates fell to 12.6%, with tenant mix adjustments having been completed in one shopping centre and high occupancy rates in the new Wanda Plaza.
  • Prime first-floor shopping mall rents ranged between RMB250 and RMB550 per sq m per month in Q3/2013, with YTD growth constrained to just 2.5%.
  • Seven retail projects are expected to debut in Q4/2013, adding a total retail GFA of 682,000 sq m to the market and enlarging total stock by 15%.

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