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Shanghai | 2020 Q1 | Office: Online sectors to lead demand recovery

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Shanghai Q1 Office 1536 EN

In March, landlords are getting more new leasing inquiries, signaling a possible demand recovery in Q2 2020.

Landlords should capture the opportunities in sectors that are expanding including online services, medical, and insurance. We expect a gradual demand recovery in Q2 – Q4 2020.
Due to the possible reduction of revenue and capex, tenants might delay their relocation plans and renew contracts, landlords should take the opportunity to retain tenants.
Tenants with tight capex that are expanding or relocating should consider projects with furnished space or fit-out allowance, as well.

Shanghai Q1 Office 1024 EN

Shanghai | 2020 Q1 | Office: Online sectors to lead demand recovery

Download Report