DTZ: Surge in supply of grade A office space in Chongqing likely in 2H15
According to DTZ’s Property Times, new supply of grade A office space in Chongqing in 2H15 is likely to amount to about 650,000 square metres, of which 70% will be in the Jiangbeizui sub-market. DTZ believes that this will contribute to a further increase in the overall vacancy rate and downwards pressure on rents. This is despite the fact that Jiangbeizui has been promoted as a major financial hub.
Source : July 2015/DTZ/Chongqing/OFF