Shanghaiprimeoffices上海甲级写字楼.PDF

research 研究报告 Q4 2010 二零一零年第四季度 Shanghai prime offices 上海甲级写字楼 Quarterly 季刊 highlights • The office leasing market maintained positive growth during the fourth quarter due to the stable domestic macro economy and robust office rental demand. • The commercial land market activity remained moderate and rational in the fourth quarter, with the total transacted land area reaching 670,000 sqm, dropping 6.4 percent quarter on quarter. Meanwhile the transacted amount increased slightly by 1.9 percent to RMB 130.65 billion. • The Shanghai Grade A office new supply in 2010 stayed at a low level, reaching approximately 300,000 sqm with a year on year decrease of 36 percent. Demand for Grade A office space is up as evidenced by the frequent leasing activity this quarter; the Shanghai IFC Phase II and the Shanghai International Commerce Centre receiving the most attention in the market. • Investors are turning their attention to the commercial property market in Shanghai as they believe the commercial market has a great potential to grow. Q4 2010 二零一零年第四季度 shanghai prime offices 上海甲级写字楼 Quarterly 季刊 • In 2011 we expect there will be a significant number of new supply launched, with the vacancy rate increasing slightly, staying between 10 and 15 percent. Additionally, the average Grade A office rent will continue its upward trend with an annual growth rate of aro