Office: Overall leasing demand fell in Q1 in response to the COVID-19 outbreak. But with new projects delayed, net absorption was still sufficient to lower the vacancy rate to 32.2%.
Retail: The city government has implemented support measures, while malls and brand have embraced ‘new retail’ innovation in online channels and delivery services. The citywide average vacancy rate remained stable at 5.0%.
Learn more by clicking our most recent Suzhou MarketBeat reports below.