DTZ: Overall industrial rents unchanged up 6.5% in Hangzhou in 2Q15 and up 10.4% y-o-y
According to DTZ’s Property Times, rents across the entire industrial market in Hangzhou were CNY35/ square metre/ month at the end of 2Q15. This represented an increase of 6.5% in the quarter and of 10.4% y-o-y. Rents were boosted by greater demand for manufacturing space and R&D offices. DTZ thinks that softness in the general economy could constrain growth in demand for logistics/warehouse space. However, the lack of new supply suggests that rents should remain reasonably stable.
Source : July 2015/DTZ/Hangzhou/IND