DTZ: 775,000 square metres of new grade A offices space to come in Shanghai in 3Q15
According to DTZ’s Property Times, an additional 770,000 square metres of Grade A office space is due to come on line in Shanghai through 3Q15. Further new supply over the next two years could, according to DTZ, contribute to a softening in rents, which fell by 0.3% in 2Q15. Across all six sub-markets in Shanghai, average rents were CNY8.8/ square metre/ day.
Source : July 2015/DTZ/Shanghai/OFF