CBRE has released its China’s 14th Five-Year Plan Highlights and Implications for Real Estate report.
For the office sector, there will be the reduction of the negative investment list, and the promotion of integration among primary, secondary and tertiary industries will generate strong office upgrading demand from service industries.
And the tier I and key tier II cities will see growing consumption power resulting from urbanization and continuous population inflows for the retail sector. Demographic change, the accelerated development of new retail formats and faster growth among Chinese brands will initiate repositioning and tenant mix adjustment in shopping malls.
The industrial and the logistics sector will have new infrastructure accelerating ecommerce in lower-tier markets, spurring demand for high-standard storage facilities in regional logistics hubs and lower-level logistics nodes. Demand for cold-chain facilities will be especially strong.
