Office: Grade A office leasing demand remained robust in Q3, led by TMT, finance, and professional services sectors. But an influx of supply from new Grade A projects pushed citywide vacancy to 21.8% and further suppressed rental growth.
Retail: Vacancy edged up from the new supply, but landlords are positive and average prime rental rose 0.1% q-o-q to RMB1,978 per sq m per month.
Capital Markets: Only six transactions were closed in Q3, recording RMB3.82 billion, down 69.9% q-o-q and 81.5% y-o-y. Total consideration in the first three quarters was at RMB49.51 billion, just shy of the RMB50 billion mark.
Learn more by clicking our most recent Shanghai MarketBeat reports below.