DTZ: High-end retail rents in Hangzhou down 6.4% in 2Q15
According to DTZ’s Property Times, rents for high-end retail properties slipped in Hangzhou by 6.4% to CNY40/ square metre/ month. During the quarter, Hubin Yintai Phase IV in the city’s downtown shopping centre. The fall in rents was driven by the first stage of the upgrading program of the Hangzhou Rainbow Plaza. The upgrade is expected to be completed in October 2015.
Source : July 2015/DTZ/Hangzhou/RET