DTZ: 175,000 square metres of new grade A office space in Shanghai in 2Q15
According to DTZ’s Property Times, 175,000 square metres of grade A office space were completed in Shanghai in 2Q15. The total stock across six sub-markets – Jing’an, New Huangpu, Xuhui, Pudong, Changning and ‘other’ is just over 7.2mn square metres. The overall vacancy rate was 8.2%, although it ranged in the various sub-markets from 4.5% in Jing’an to 16.6% in the ‘other’ submarket.
Source : July 2015/DTZ/Shanghai/OFF