Pudong leads the way with strong leasing and sales demand.
Ben Tindale, Shanghai
On the back of strong leasing demand, rents in the Pudong office market increased by 1.4% q-o-q. This is the first rental increase since 2Q08 and takes the average up to RMB 6.1 per sqm per day. In Puxi, the pace of rental decline slowed. Looking at the 2010 market outlook, we expect Pudong rents to rise by up to 15 percent by year end and that the Puxi market will pick up based on strong optimism among MNCs for their businesses in China.