KF: Prime retail property in Guangzhou yields 5.1% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Guangzhou were 5.1%. The average price for prime retail property transacted was USD42,563 per square metre (psm). Average rents were USD268.20 psm per month. At the end of the quarter, the vacancy rate was 4.3%. KF highlighted how rental growth had been constrained by the the large number of new malls that had been launched in Guangzhou in 2016 – some in core areas.
Source : KF/ February 2016/Guangzhou/RET