Focusing On the Development of the North Bund, Creating a Future for Shipping and Finance
Insights & recommendations
As Shanghai’s largest decentralized Grade A office submarket, the North Bund has long been a hub for the global shipping industry, recently welcoming an influx of financial and technology companies. Now, the North Bund is ushering the next wave of development and according to its latest master plan is positioned to be the city’s next Lujiazui with more than 200 top-quality office towers, planned as a World-class Parlor with premium spaces dedicated to conventions and events.
With the completion of high-quality supply in the coming decade, the North Bund should attract more spillover from the CBD, further upgrading its tenant profile. It targets accommodating up to 100 multinational headquarters, international organizations, and business associations.
We recommend tenants considering landmark buildings look beyond the CBD at options in The North Bund for well located high-quality new supply.
As Shanghai’s largest decentralized Grade A office submarket, the North Bund has long been a hub for the global shipping industry, recently welcoming an influx of financial and technology companies. Now, the North Bund is ushering the next wave of development and according to its latest master plan is positioned to be the city’s next Lujiazui with more than 200 top-quality office towers, planned as a World-class Parlor with premium spaces dedicated to conventions and events.
With the completion of high-quality supply in the coming decade, the North Bund should attract more spillover from the CBD, further upgrading its tenant profile. It targets accommodating up to 100 multinational headquarters, international organizations, and business associations.
We recommend tenants considering landmark buildings look beyond the CBD at options in The North Bund for well located high-quality new supply.
