CBRE: Retail rents in Shanghai up very marginally in 2016
In its Asia Pacific Market Outlook 2016, CBRE highlighted how trends for retail property rents vary quite markedly across the region. CBRE grouped markets in four categories: Growth Slowing; Steady Growth; Peaking and; Continued Decline. Shanghai is included in the third of these. CBRE is looking for retail rents in Shanghai to be virtually unchanged in2016, having risen very marginally in 2016. CBRE estimates that the retail development pipeline for Shanghai over 2016, 2017 and 2018 includes 36mn square feet of space.
Source : CBRE/ February 2016/Shanghai/RET