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COLLIERS SEMI -ANNUAL | East China Tier II Cities Office Market Update H2 2020: SURGING SUPPLY TO KEEP RENTS UNDER PRESSURE

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TMT occupiers are gradually transforming from market followers to leaders and becoming the core demand drivers in Tier II cities.

Dear Valued Client´╝î
In H2 2020, the net absorption in East China Tier II office markets turned sustainably positive after being disrupted by COVID-19 in H1. We foresee vacancy rates remaining relatively high in H1 2021 with a supply glut in all four cities. We forecast office rents will decline in H1 2021, but the HOH rental drop is likely to narrow as landlords no longer use rent reduction to attract tenants.
 

20200202 tier2 en 1024

COLLIERS SEMI -ANNUAL | East China Tier II Cities Office Market Update H2 2020: SURGING SUPPLY TO KEEP RENTS UNDER PRESSURE

Download Report