China’s commercial real estate market performs well in Q3

China’s commercial real estate market performed well during third quarter 2021, according to CBRE.

Office net absorption rose 78 percent year-over-year (y-o-y), exceeding 2 million square meters (22 million square feet) for a second consecutive quarter, for the first time on record.

In the retail sector, the net absorption rose 183 percent y-o-y, a new record for any third quarter.

And in the logistics sector, the net absorption rose 68 percent y-o-y, reaching the highest quarterly level in history, according to CBRE.

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