Skip to main content Skip to footer

Chengdu | 2022 Q1 | OFFICE : A new building launched in Tianfu New Area; traditional finance, business services and TMT were the top demand drivers

Download Report
office

Chengdu | 2022 Q1 | OFFICE : A new building launched in Tianfu New Area; traditional finance, business services and TMT were the top demand drivers

Dear Valued Client,

• In Q1, the top three demand drivers in Chengdu’s Grade A office market were traditional finance, business service and TMT. Demand remained stable, with a net absorption of 29,300 sq m (315,200 sq ft). One new building came online, located in Tianfu New Area, with a GFA of 54,000 sq m (581,000 sq ft). This pushed up vacancy 0.5 pps QOQ. Rents of Financial City and Dayuan slightly rose due to active demand in the Hi tech Zone and the rapid development of Jiaozi Park Business District. Therefore, the city wide average rent increase 0.1% to RMB100.6(USD15.8) per sq m per
• We recommend tenants should pre lease building in the Hi tech Zone due to new supply in the submarket.


office

Chengdu | 2022 Q1 | OFFICE : A new building launched in Tianfu New Area; traditional finance, business services and TMT were the top demand drivers

Download Report