DTZ: 283,000 square metres of new grade A office space in Nanjing in 2Q15
According to DTZ’s Property Times, 283,000 square metres of grade A office space were completed in Nanjing in 2Q15. The total stock across four sub-markets – Xuanwu, Gulou, Qinhuai and Jianye – is just over 1.6mn square metres. The overall vacancy rate was 23.9%, although this figure was inflated by the 53.8% vacancy rate in the Jianye sub-market. Conversely, the vacancy rate in the Qinhuai sub-market is just 5.3%.
Source : July 2015/DTZ/Nanjing/OFF