DTZ: High-end retail rents in Shanghai down 0.5% in 2Q15
According to DTZ’s Property Times, rents for high-end retail properties slipped in Shanghai by 0.5% to CNY63.7/ square metre/ day in 2Q15. New supply during the period was just 60,000 square metres (Shanghai New World Daimaru on Nanjing East Road). The total stock is just over 2.3mn square metres – across five sub-markets (Lujiazui, Nanjing East Road, Huaihai Middle Road, Nanjing West Road and Xujiahui.
Source : July 2015/DTZ/Shanghai/RET