JLL: Shanghai CRE investment volumes up 79% in 2015

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In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Shanghai rose by 79% in 2015. Capital values for prime offices rose by 12.9%. Rental yields for prime offices were 5.7%, or 351 basis points above the yield on the relevant long-dated government bond. Rents for prime office space rose by 9.4%. Net absorption during 2015 was equal to 17.9% of existing stock. At the end of the year, the office vacancy rate was 9.5% and the supply pipeline for 2016-17 equated to 38.1% of existing stock.

Source : JLL/ January 2016/Shanghai/OFF

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