{"id":115933,"date":"2020-04-29T06:00:17","date_gmt":"2020-04-28T23:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-vacancy-rates-in-chinas-commercial-hubs-surge-to-highest-level-on-record-as-rents-drop-amid-pandemic-headwinds\/"},"modified":"2020-04-29T09:03:22","modified_gmt":"2020-04-29T02:03:22","slug":"office-vacancy-rates-in-chinas-commercial-hubs-surge-to-highest-level-on-record-as-rents-drop-amid-pandemic-headwinds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-vacancy-rates-in-chinas-commercial-hubs-surge-to-highest-level-on-record-as-rents-drop-amid-pandemic-headwinds\/","title":{"rendered":"Office vacancy rates in China\u2019s commercial hubs surge to highest level on record as rents drop amid pandemic headwinds"},"content":{"rendered":"


\nOffice rents continue to be battered by the Covid-19 pandemic, and vacancy rates are on the rise in mainland China. A record number of offices have been left empty in the country\u2019s four largest commercial hubs, while rents have declined for six consecutive quarters.Office vacancy rates in Beijing, Shanghai, Guangzhou and Shenzhen rose to 15 per cent on average \u2013 the highest level on record \u2013 in the first quarter, according to data from the China Real Estate Information Corporation (CRIC).\u201cThe\u2026
\n
\nSource : South China Morning Post
\nRead more…Office vacancy rates in China\u2019s commercial hubs surge to highest level on record as rents drop amid pandemic headwinds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Office rents continue to be battered by the Covid-19 pandemic, and vacancy rates are on...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-115933","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-u9T","jetpack-related-posts":[{"id":138347,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-office-vacancy-rates-rise-in-top-cities-as-growing-oversupply-of-premium-space-hits-amid-economic-malaise\/","url_meta":{"origin":115933,"position":0},"title":"China\u2019s office vacancy rates rise in top cities as growing oversupply of premium space hits amid economic malaise","date":"July 17, 2023","format":false,"excerpt":"\r With vacancy rates on the rise and new inventory about to hit the market in Shanghai, Beijing, Guangzhou and Shenzhen, rents will continue to drop, according to property consultancy CBRE.\r \r Source : South China Morning Post\r Read more...China\u2019s office vacancy rates rise in top cities as growing oversupply\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-grade-a-office-rents-to-fall-further-with-mainland-china-demand-below-pre-pandemic-levels-new-supply-coming-online-analysts-say\/","url_meta":{"origin":115933,"position":1},"title":"Hong Kong\u2019s grade A office rents to fall further, with mainland China demand below pre-pandemic levels, new supply coming online, analysts say","date":"February 28, 2024","format":false,"excerpt":"\r Hong Kong\u2019s grade A office rents will decline by another 5 per cent this year, as demand from mainland China-based companies has yet to return to pre-pandemic levels and vacancy rates remain high due to new completions, analysts said.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146435,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-mainland-china-weigh-on-asia-pacific-office-rents-amid-high-vacancy-report\/","url_meta":{"origin":115933,"position":2},"title":"Hong Kong, mainland China weigh on Asia-Pacific office rents amid high vacancy: report","date":"July 18, 2024","format":false,"excerpt":"\r Beijing, Shanghai, Hong Kong and Guangzhou had the sharpest declines among 23 cities in the second quarter, consultancy Knight Frank says.\r \r Source : South China Morning Post\r Read more...Hong Kong, mainland China weigh on Asia-Pacific office rents amid high vacancy: report","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-commercial-property-and-housing-markets-face-slowdown-as-trade-war-souring-sentiment-bite\/","url_meta":{"origin":115933,"position":3},"title":"Hong Kong commercial property and housing markets face slowdown as trade war, souring sentiment bite","date":"October 9, 2018","format":false,"excerpt":"\r Hit by factors that include the escalating trade war between China and the United States, shop rents in Hong Kong\u2019s Central district could drop by up to 10 per cent this year, growth in overall office rents could ease further and home prices might drop by 40 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-in-central-hong-kong-slash-rents-by-more-than-a-third-as-vacancy-climbs-to-six-year-high-amid-economy-crushed-by-coronavirus\/","url_meta":{"origin":115933,"position":4},"title":"Landlords in Central, Hong Kong slash rents by more than a third as vacancy climbs to six-year high amid economy crushed by coronavirus","date":"May 12, 2020","format":false,"excerpt":"\r Hong Kong\u2019s major landlords of premium office space in Central are cutting rents by more than a third \u2013 returning them to 2017 levels \u2013 as the sharp economic contraction caused by the coronavirus forces corporate tenants either to downsize or move somewhere cheaper.The vacancy rate in Central, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-market-is-hollowing-out-as-vacancy-rate-hits-10-year-high-who-can-save-the-landlords\/","url_meta":{"origin":115933,"position":5},"title":"Hong Kong\u2019s office market is hollowing out as vacancy rate hits 10-year high. Who can save the landlords?","date":"June 11, 2020","format":false,"excerpt":"\r Hong Kong\u2019s office landlords are facing the biggest crunch in a decade as rents slide and vacancy rates in the city\u2019s notoriously pricey market reached the highest level in a decade.About 1.1 million square feet (102,193 square metres) of space in Central business district would have been vacated by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115933"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=115933"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115933\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}