Office: Multiple new Grade A projects entered the market, but strong pre-leasing performance drove absorption in the quarter and stabilized vacancy at 21.8%. Rental declines eased, slipping just 0.03% q-o-q.
数个甲级写字楼项目完工入市，由于部分项目预租率较高，推高了本季度的净吸纳量，全市空置率稳定在21.8%。租金跌幅收窄，环比仅下降0.03%。
Retail: The retail market exhibited confidence in Q4, building on improved economic indicators and welcoming the opening of four major new malls. Despite the new supply, leasing expansion kept overall vacancy in check, rising just 0.5 pp to 9.9%.
四季度，得益于上海坚实的经济基本面和四个新购物中心的入市，上海零售物业市场积极复苏。尽管有大量新增供应入市，全市空置率仅环比上升0.5个百分点至9.9%，缘因零售物业租赁市场表现活跃。
Capital Market: The Shanghai investment market recorded 59 transactions in 2020, with total volume registering RMB72.2 billion, down 13.5% y-o-y. Of the full-year total, 15 deals totaling RMB20.9 billion were recorded in Q4, a leap of 446.1% q-o-q.
与往年相比，上海大宗交易连续三年下滑，2020年录得59笔成交，成交总额共计722.2亿元，同比下降13.5%。其中，四季度，上海资本市场成交15笔交易，投资额达208.8亿元，较三季度环比激增446.1%。
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