Office: Leasing demand picked up in Q2, bringing the overall vacancy rate down to 20.9%, despite new supply including two Grade A projects in Fringe Jing’an submarket.
Retail: The market steadied in Q2, bolstered by stimulus measures including the Shanghai May 5 Shopping Festival. Fashion, digital products and ‘new retail’ sectors have led leasing activity.
Capital Markets: Most foreign investors have delayed their investment plans, but local investors have been comparatively much more active, contributing 94% of total volume during the quarter.
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