Office: Grade A office leasing demand was robust in Q1, led by finance, professional services and TMT sectors. Five new Grade A projects completed, but despite the influx, net absorption surged 29.6% q-o-q.
Retail: Demand for quality space again grew, with luxury, F&B, entertainment and lifestyle brands to the fore. Vacancy was at 9.4%, first-floor rents rising 0.7% q-o-q.
Capital Market: In terms of real estate sectors, office assets remained in the top spot for the quarter, accounting for 35% of total investment. Retail assets ranked second, with investment of RMB4.6 billion, followed by business park assets at RMB4.3 billion.
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