2010年第一季度上海甲级写字楼市场研究.pdfVIP

research 研究报告 Q1 2010 二零一零年第一季度 Shanghai prime offices 上海甲级写字楼 Quarterly 季刊 highlights • Shanghai’s market indicators continue to show signs of fast paced economic growth. • The Shanghai Grade A office market did not see any new supply this quarter, with some projects postponing completion dates and further reducing the supply of new office space. • During Q1, the Grade A office leasing market saw a 2.1 percentage point drop in vacancy rate from the previous quarter, resulting in a current rate of 12 percent. Banks and financial institutions remain the dominant tenants in Pudong’s Lujiazui office buildings, with an increased presence of insurance companies. We also witnessed frequent tenancy movement on Nanjing West Road and Huaihai Middle Road in Puxi. • Boosted by strong demand, the average rent of Grade A office space has increased 3.3 percent from the previous quarter to RMB 8.1 per square metre Q1 2010 二零一零年第一季度 shanghai prime offices 上海甲级写字楼 Quarterly 季刊 per day. Jing’an continued to have the highest average rent for office space among the downtown districts. • In the next quarter, Puxi is expecting four new major Grade A office projects to add more than 210,000 square metres of new supply to the total. We expect this new supply will cause an increase in the area’s vacancy rates, while the c