Large tenants have few choices before 2021
The total vacant area was 129,791 ping (428,310 sq m) in Q1 2018, with only limited space in the new supply coming online from 2019 to 2021 available for lease. The vacancy rate should decrease over the next four years, dropping below 5% by the end of 2021. More than 50% of new supply in 2018 is pre-committed. Tenants looking for large space therefore have few choices before 2021.
