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OFFICE RENOVATION TO HELP BUILDINGS STAY COMPETITIVE

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OFFICE RENOVATION TO HELP BUILDINGS STAY COMPETITIVE

The Chengdu office market has experienced a long process of development. Over 20 years have passed since the first modern office building was launched in 1998. By end-Q2 2020, total office stock in Chengdu reached close to 10 million square metres (107 million square feet), comprising 163 office buildings. However, with aging facilities and lack of property management, some offices have entered a post-maturity phase, and are suffering from falling achievable rents and rising vacancy rates.
In response, we advise:
> Landlords should pay more attention to building operational maintenance. Office renovation can be largely avoided by early intervention via repairs of failing equipment.

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OFFICE RENOVATION TO HELP BUILDINGS STAY COMPETITIVE

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