Property News · October 27, 2020

Shenzhen’s office landlords offer leisure areas, huge pantries as they compete to woo tech firms amid record vacancy levels


Landlords of premium office space in Shenzhen are having to go beyond cutting rents to lure tenants, providing customised facilities flexible arrangements to attract the fast-expanding tech firms as vacancy reached a record in the special economic zone.There was close to 2.4 million square metres of empty space – about 13 times the gross floor area of Hong Kong’s IFC towers – in Shenzhen in the third quarter, according to CBRE, while JLL said the vacancy rate stood at a record 27.8 per cent in…

Source : South China Morning Post
Read more…Shenzhen’s office landlords offer leisure areas, huge pantries as they compete to woo tech firms amid record vacancy levels

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