DEMAND TO PICK UP AS THE ECONOMY RECOVERS
Dear Valued Client，
In 2020 Q3, net absorption in Guangzhou grew by 54% QOQ as the economy recovers. Shored up by the increasing leasing activities, Pear River New City (PRNC) office market is stabilizing. We recommend Technology, Media and Telecom (TMT) tenants to lock in favorable terms in Pazhou, while other tenants with high-quality requirements can look for pre-leasing opportunities in PRNC.