We expect rents to bottom out in Q4 2020 supported by an active leasing market. We recommend landlords of emerging submarkets provide favourable terms such as full or partial termination rights in order to boost demand.
Dear Valued Client，
In Q3 2020, boosted by expansion demand from tech companies, net absorption increased by 7% QOQ. The average rent edged up, and core submarkets with stronger demand outperformed the emerging submarkets. We expect rents to bottom out in Q4 2020 supported by an active leasing market. We recommend landlords of emerging submarkets provide favourable terms such as full or partial termination rights in order to boost demand.
In Q3 2020, boosted by expansion demand from tech companies, net absorption increased by 7% QOQ. The average rent edged up, and core submarkets with stronger demand outperformed the emerging submarkets. We expect rents to bottom out in Q4 2020 supported by an active leasing market. We recommend landlords of emerging submarkets provide favourable terms such as full or partial termination rights in order to boost demand.
