In Q1 2021, Shanghai’s office market continued to show healthy signs of a rebound from Q4 2020, with continued excellent net absorption performance and a rapid rebound of confidence
Dear Valued Client,
In Q1 2021, Shanghai’s office leasing market saw a substantial recovery, as net
absorption rose to 216,000 sq metres (2.3 million sq feet), the strongest single-quarter
performance since Q1 2018. The Q1 figures exceeded our expectations, and we expect demand will be solid through 2021. With the stable economic recovery, demand is likely to maintain its current upward trend.
In Q1 2021, Shanghai’s office leasing market saw a substantial recovery, as net
absorption rose to 216,000 sq metres (2.3 million sq feet), the strongest single-quarter
performance since Q1 2018. The Q1 figures exceeded our expectations, and we expect demand will be solid through 2021. With the stable economic recovery, demand is likely to maintain its current upward trend.
