Property News · February 19, 2019

Trade war could crimp demand for China’s office space by 8 million square metres as businesses downsize, CBRE says


An area equivalent to 39 of China’s tallest buildings could be hurt if the ongoing trade war between the United States and mainland China deteriorates, as businesses downsize their offices, demand to pay less rent or move to cheaper locations, according to a forecast by CBRE.As much as 8 million square metres (86.11 million square feet) of commercial space, about 10 per cent of the office space in 17 Chinese cities CBRE covers, could be affected by the trade war, according to the real estate…

Source : South China Morning Post
Read more…Trade war could crimp demand for China’s office space by 8 million square metres as businesses downsize, CBRE says

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