KF: Prime office space in Shanghai yields 5.9% in 4Q15.

Realopedia Global Real Estate Portal

In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime office yields in Shanghai were 6.3%. The average price for prime office space transacted was USD9,116 per square metre (psm). Average rents were USD44.7 psm. At the end of the quarter, the vacancy rate was 4.8%. Indicators highlighted by KF for the quarter included the launch of new Grade A offices with nearly 700,000 square metres of space, as well as strong demand for high quality office space in Shanghai’s CBD – in spite of the high rents. Strong demand has contributed to the low vacancy rate.

Source : KF/ February 2016/Shanghai/OFF