The wait-and-see attitude continues Demand from high-tech enterprises expected to increase further
Due to the pace of the economic recovery, the office market is still under pressure. Despite the active leasing activity, we are yet to see any large-scale transactions, and net absorption decreased QOQ. However, high-tech enterprises are leasing more space. Landlords are offering various rental concessions to attract tenants, such as providing fit-out and extending rent-free periods.