DTZ: Low vacancy rates in Shenzhen industrial market through 2Q15
According to DTZ’s Property Times, the vacancy rate in Shenzhen’s industrial market remained low through 2Q15. For factories, the vacancy rate was 3% in the Inner Zone and 5% in the Outer Zone. For R&D properties, the corresponding figures were 7% and 9%. Some factories in the older parts of Shenzhen have been redeveloped as retail and office space.
Source : July 2015/DTZ/Shenzhen/IND