Research - AUGUST 11, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Shanghai business-park rents on the rise

by Jennifer Molloy

Strong leasing demand in Shanghai’s business-park market during second quarter 2017 drove rents up an average 0.5 percent quarter-on-quarter (or 7.3 percent year-over-year) to 0.38 yuan ($0.06) per square foot per day, according to a report from Colliers International. Landlords’ rental adjustments in Shanghai’s mature submarkets — the lion’s share of the overall business-park market — primarily were responsible for rental increases during the second quarter.

According to the report, China’s telecommunications, software and IT services sectors grew 21.0 percent in first half 2017, which bodes well for the business-park sector. With continued demand from high-tech industries — particularly IT-related firms — the rental outlook for business-park landlords appears strong; Colliers International anticipates a 2.0 percent rise in a

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy