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Shanghai | 2020 Q2 | OFFICE: DROPPING RENT TO FURTHER BENEFIT OCCUPIERS

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20200710 Shanghai Office Q2 1536 EN

In Q2 2020, the vacancy rate in the Shanghai office market remained stable. The global pandemic drove occupiers to hold back on further expansion or relocation. However, new projects generally offered favorable leasing terms in order to lease up quickly. This generated intense rental competition among landlords and a 4.6% drop QOQ in average rents.

Dear Valued Client´╝î
In Q2 2020, the overall Shanghai vacancy rate remained stable, but rents fell 4.6% QOQ. Many occupiers chose to renew leases and delay expansion due COVID- 19. The online services and pharma sectors continued to be exceptions. We are pleased to present you with the Shanghai 2020 Q2 Colliers Quarterly Report: Shanghai Office – DROPPING RENT TO FURTHER BENEFIT OCCUPIERS.

20200710 Shanghai Office Q2 1024 EN

Shanghai | 2020 Q2 | OFFICE: DROPPING RENT TO FURTHER BENEFIT OCCUPIERS

Download Report