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GUANGZHOU | 2021 Q1 | OFFICE: Leasing Transactions Continue To Grow As Economy Accelerates

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Leasing Transactions Continue To Grow As Economy Accelerates

Dear Valued Client

In 2021 Q1, the economy picked up steam, contributing to a record-high net absorption in Guangzhou. We expect the net absorption in 2021 to climb to a four-year high as the TMT cluster in Pazhou spurs internet firms to set up offices nearby. We recommend landlords target large occupiers in the TMT and finance sectors to help attract related companies.

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GUANGZHOU | 2021 Q1 | OFFICE: Leasing Transactions Continue To Grow As Economy Accelerates

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Alan Fung

Managing Director

Office Services

Guangzhou

Alan Fung has joined Colliers International as Managing Director for Office Service 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.

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