Office: Technology firms also took space. However, net absorption dropped into the red, overall vacancy rising to 31.9%. Average monthly rental dipped slightly to RMB73.9 per sq m.
Retail: Ongoing promotions and night economy initiatives bolstered the overall market, net absorption rebounding and vacancy falling back to 3.9%. Citywide average monthly rental fell slightly to RMB547.0 per sq m.
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