JLL: Shanghai Grade A office rents up in 1Q15
Jones Lang LaSalle IP noted in its Office Index report for 1Q15 that office rents in Shanghai CBD were USD827 per square metre per annum. This represents an increase in of 1.1% q-o-q and 3.1% year-on-year. Capital values (USD13,973 per square metre) are up 1.7% q-o-q and up 2.9% y-o-y. As of 1Q15, Grade A office space in Shanghai’s CBD is marginally more expensive to rent than in Singapore, but around one fifth cheaper than in Beijing.
Source : 31 March 2015/JLL/Hong Kong/OFF