In line with a moderate demand recovery, rent rose marginally, with core submarkets outperforming the emerging submarkets. We expect rents to remain flat or increase slightly in H2, followed by an uptick from 2021 to 2024 at an annual growth rate of about 1%.
Dear Valued Client，
In Q2 2020, net absorption rebounded as many occupiers resumed expansion plans and actively signed new leases. In H2 2020, we foresee steady demand, particularly from the tech and medical & health sectors. We are pleased to present you with the Shanghai 2020 Q2 Colliers Quarterly Report: Business Parks – DEMAND TO HAVE A SOLID RECOVERY.
In Q2 2020, net absorption rebounded as many occupiers resumed expansion plans and actively signed new leases. In H2 2020, we foresee steady demand, particularly from the tech and medical & health sectors. We are pleased to present you with the Shanghai 2020 Q2 Colliers Quarterly Report: Business Parks – DEMAND TO HAVE A SOLID RECOVERY.
