戴德梁行2007年第一季度上海写字楼市场分析.pdfVIP

Contents 01 Market overview 02 Supply 03 Demand 04 Sales and investment market 05 Rentalprice and vacancy 06 Forecast 08 Shanghai grade A office hub distribution 09 Note and assumption Market overview The injection of Plaza 66 Phase II in Jingan district in Q4 2006 and Cloud Nine Shopping Center in Changning district in this 06 quarter has done nothing to alleviate the current low grade A office market vacancy rate in Shanghai. Due to continued demand and a lack of new supply in the citys grade A office market, tenants wishing to establish offices, or expand their business in Shanghais prime office developments, now need 2009 to plan even further ahead. So as to obtain contiguous floor space, some large existing and potential grade A occupiers are now seriously looking at options in grade A projects that will come online as far as 2009. As a direct result of this current demand and supply dynamic, grade A office asking rentals, in the city, have continued their upward movement. Another point worth mentioning is that due to the higher rentals that many grade A office landlords are enjoying in recent times, these same landlords are less willing to dispose of their properties either on a strata title footing or on an enbloc basis. Therefore, there has been little activity, particularly in this quarter, within the grade A office investment transaction market. DTZ office index DTZ 250 240 230 220 ) 0 0 210