Property News · January 24, 2017

Top grade office supply to flood Chinese cities


China’s prime office market will see a flood of new supply in major cities this year, putting significant pressure on landlords, an industry report says.
About 5.8 million sq metres of grade A supply would come on the market in six major cities, real estate services firm DTZ/Cushman & Wakefield forecasts.
The figure is a 5 per cent rise on the 5.53 million sq metres of new supply last year, an already high base.
“Given the large amount of prime office supply to hit all markets,…

Source : South China Morning Post
Read more…Top grade office supply to flood Chinese cities

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