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GUANGZHOU | 2020 Q4 | OFFICE: LEASING ACTIVITY TO IMPROVE AMID NEW SUPPLY PEAK IN 2021

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20210129 GZ Q4 2020 Office Quarterly 15361040

LEASING ACTIVITY TO IMPROVE AMID NEW SUPPLY PEAK IN 2021

Dear Valued Client

In 2020 Q4, TMT, financial and pharmaceutical tenants continued to expanded in Guangzhou. The vacancy rate tightened amid rents increasing slightly. We expect Guangzhou will be a tenants’ market with heavy supply in 2021. We recommend tenants with high quality requirements secure space in new projects in PRNC considering the dearth of new supply in PRNC from 2023-2025 while other tenants can look at new projects in Pazhou.

20210129 GZ Q4 2020 Office Quarterly 1024972

GUANGZHOU | 2020 Q4 | OFFICE: LEASING ACTIVITY TO IMPROVE AMID NEW SUPPLY PEAK IN 2021

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Alan Fung

Managing Director

Guangzhou

Alan Fung has joined Colliers International as Managing Director for South China. Alan is a seasoned real estate veteran, with more than 28 years’ experience in leasing, advisory and transaction services. Over his career, Alan has been responsible for providing professional services to numerous large scale projects in Hong Kong and Southern China, as well as helping domestic and multinational corporations address their property and investment needs. In addition to his duties as MD for South China, Alan will also oversee our South China Office Services business.

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