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Research

Report

Greater China Office Index, 1Q 2015


  • Landlord sentiment in upcoming buildings in some tier 2 cities continued to weaken.
  • Local financial firms were a particularly active source of demand for Grade A space.
  • Demand from MNCs was weak, as most foreign companies remained cost-conscious. In some tier 1 cities, decentralization is popular among MNC occupiers in the manufacturing, trading, and logistics sectors.
  • Rents in most markets were flat, however rental trends varied between submarkets. Single-owned and well-managed projects outperformed the market average in many tier 2 cities.
  • Foreign institutional funds remained focused on opportunities in tier 1 office markets. Domestic insurance companies showed strong interest in Tier 2 cities, given their high yield hurdles for real estate investments.​

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