Office: The office market felt the impact of the COVID-19 outbreak in Q1. A few early transactions helped the vacancy rate down one ppt q-o-q to 34.5%, but activity fell off rapidly after the Spring Festival period.
Retail: Retail was hit hard by the COVID-19 outbreak in Q1, with shopper footfall disappearing. Brands have discounted steeply to restart spending and mall landlords have cut rents.
Learn more by clicking our most recent Shenyang MarketBeat reports below.