We foresee demand continuing to rebound in Q4 and expand substantially through 2021. However, a rising proportion of new DBD supply will continue dragging rents lower.
Dear Valued Client，
In Q3 2020, confidence picked up and QOQ demand surged. However, high supply pushed up Shanghai’s overall vacancy rate and rents fell 2.7% QOQ. We foresee demand continuing to rebound in Q4 and expand substantially through 2021. However, a rising proportion of new DBD supply will continue dragging rents lower.
In Q3 2020, confidence picked up and QOQ demand surged. However, high supply pushed up Shanghai’s overall vacancy rate and rents fell 2.7% QOQ. We foresee demand continuing to rebound in Q4 and expand substantially through 2021. However, a rising proportion of new DBD supply will continue dragging rents lower.
