Colliers International, Shanghai

Lately, the Shanghai Grade A office market has regained some momentum, as manifested in an increase in net take-up and a slower decline in rental. Anecdotal evidence indicates that rental decline in Q3 2009 has narrowed considerably. Net take-up also resumed a more noticeable increase in Q3, compared with the virtually zero growth in the first two quarters of 2009. On the supply side, some new completions in 2H this year are now postponed to 2010.

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About Colliers International

Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$2 billion in 2007 and 293 offices in 61 countries. CMN can be found on the Web at http://www.colliersmn.com. Locally, Colliers professionals serve clients throughout China. Find out more at www.colliers.com/china .

Contact Information

For further information, please contact:

Hingyin Lee
Director, Research & Advisory
Colliers International, East China
Tel : 86 21 61413580
Email: Hingyin.Lee@colliers.com

Summer Liu
Manager, Research & Advisory
Colliers International
Tel: 86 21 61413584
Email: Summer.Liu@colliers.com

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