Landlords and tenants both optimistic that office market will be stable over 2020 as a whole
Dear Valued Client，
Chengdu is the top office market in West China. The market has rebounded from the COVID-19 crisis, and we expect office rent to fall by just 1.5% over 2020 (see our Q1 report of 20 April). Underpinning our forecast is our assumption of stable supply and firm demand from the finance, TMT, health and infrastructure sectors (though other sectors are weaker). Colliers staged out a big survey in Chengdu in mid-March which supports this outlook.