DTZ: Grade A office vacancy rate of 35.2% in Chengdu in 2Q15
According to DTZ’s Property Times, some 235,400 square metres of new stock was added to the grade A office market of Chengdu during 2Q15, lifting the total to just over 1,756,500 square metres. The new projects include CapitaMall Tianfu and China Overseas International Centre. The vacancy rate across the city increased by 1.9pp to 35.2%. The vacancy rates are higher in the Dongda Street (39.0%) and Tianfu New City (52.7%) sub-markets. Over the city as a whole, rents hardly changed through 2Q15.
Source : July 2015/DTZ/Chengdu/OFF