KF: Prime office space in Guangzhou yields 5.8% in 4Q15.
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime office yields in Guangzhou were 5.8%. The average price for prime office space transacted was USD5,667 per square metre (psm). Average rents were USD27.5 psm. At the end of the quarter, the vacancy rate was 15.0%. Indicators highlighted by KF for the quarter included the completion of Yuexiu Financial Tower, with 150,000 square metres of new space and the launch of Greenland Xinrong Plaza (with around 73,000 square metres of space). KF also highlighted a surge in overall sales, thanks to the increase in supply.
Source : KF/ February 2016/Guangzhou/OFF