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Chengdu| 2021 Q1 | OFFICE: Rent Bottomed Out and a Small Supply Peak Ahead

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20210415Chengdu 1536

Chengdu| 2021 Q1 | OFFICE: Rent Bottomed Out and a Small Supply Peak Ahead

Dear Valued Client

In Q1, no new supply was recorded. We saw more large leasing transactions of over 3,000 sq metres in the central area, coming from industries such as online education, energy and internet. Benefiting from stable demand, the city-wide vacancy rate dropped 1.3pp QOQ to 17.0%.


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Chengdu| 2021 Q1 | OFFICE: Rent Bottomed Out and a Small Supply Peak Ahead

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Keng Geng

Managing Director | Southwest China

Chengdu

KG had been working in the commercial real estate field for over 15 years with rich experience from well-known local as well as foreign owned developers and real estate consulting agencies. Before join Colliers, KG worked as the General Manager of a famous Real Estate Commercial Company. During his tenure, he led his subordinate office building projects to win a variety of awards and honorary titles and attract a number of world top 500 enterprises to settle in for the project.

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