Date
11 December 2017

Shanghai office vacancy rate tipped to rise in 2015, paper says

The vacancy rate of Shanghai’s grade-A office buildings will likely rise to 13 percent in 2015, with a number of developers already deliberately delaying completion to avoid an oversupply anticipated for 2016, the China Business News reported Thursday, citing forecasts by real estate services consultancy Knight Frank. The supply of prime office space in the Shanghai central business district will total around 700,000 square meters this year and is expected to rise to 1.3 million square meters in 2015, pushing the vacancy rate higher, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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