DTZ: Office rents to remain soft in Hangzhou in 3Q15
According to DTZ’s Property Times, large quantities of new grade A office space should become available in Hangzhou through 3Q15, with the result that the overall vacancy rate rises by 2-4 percentage points from the current 16.0%. Office rents fell by 0.9% to CNY4.5/square metre/ day in 2Q15 and are expected to slip further. DTZ is looking for yields to remain between 5.0% and 5.3%.
Source : July 2015/DTZ/Hangzhou/OFF