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Office deals dominate Shanghai real estate

China Daily
Buildings in the financial center of Lujiazui, Pudong district of Shanghai, on April 7. Office building transactions continue to dominate Shanghai's real estate market, which saw continued increases in rental levels and trading volumes, and growing interest from local investors. [Photo / China Daily]

Buildings in the financial center of Lujiazui, Pudong district of Shanghai, on April 7. Office building transactions continue to dominate Shanghai's real estate market, which saw continued increases in rental levels and trading volumes, and growing interest from local investors. [Photo / China Daily]


Office building transactions continue to dominate Shanghai's real estate market, which saw continued increases in rental levels and trading volumes, and growing interest from local investors, according to the latest commercial property report on China by the international property services firm DTZ.



Transactions involving office buildings accounted for as much as 73 percent of the realestate volume in the first half of 2012 in the cityaccording to the report which was releasedon Tuesday.

Transaction involving office buildings counted for 67 percent of the total real estate volumesin 2011, the company said.

Office space covering 435,707 square meters was traded between January and June in2012 in Shanghaiand the average price jumped from about 17,000 yuan per sq m inJanuary to 25,000 yuan per sq m in June.

Average rental for Grade A office buildings in Shanghai saw a 4.1 percent year-on-yeargrowththe half-year report said.

In Jing'an districtone of Shanghai's busiest downtown areas and a cluster for Grade Aoffice buildingsrents saw a 13.3 percent year-on-year growthsaid Shaun Brodiehead ofEast China ResearchDTZ China.


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