Office: Further Grade A supply in Q1 raised total stock to nearly 6.5 million sq m. But sustained leasing demand powered absorption to 93,200 sq m, a three-year quarterly high.
Retail: Overall vacancy dropped slightly to 6.1%. Social sports operators are a new market hot spot. Ahead, China’s first Wanda Plaza 4.0. should reactive the China South City’s retail submarket.
Capital Market: Industrial enterprises accounted for 52% of deals, while investment institutions took 45%. Overseas investors also returned, accounting for transaction value of RMB1.82 billion in the quarter, as the impact of the COVID-19 pandemic on investment activities subsided.
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