C&W: Beijing Grade A office rents down marginally in 2014.
According to Cushman & Wakefield, the average rents on grade A office space across the five sub-markets of greater Beijing fell by 0.6% in 2014 to RMB377/square meter/month. In its latest (April 2015) review of legal firms’ use of office space across the Asia-Pacific region, C&W noted that international law firms are looking to maximise cost savings prior to new space coming on line from 2017. Local firms are boosting demand for space relative to international firms.
Source : 30 April 2015/ C&W/ Beijing/ OFF