Beijing sees rise in office vacancy rate

Source:Global Times Published: 2017/9/27 21:03:40

Cushman & Wakefield, a US commercial real estate services provider, said on Wednesday that new supply in suburban areas in Beijing has lead to a rise in the market vacancy rate.

The company said that Beijing's Grade A office stock remained at 9.67 million square meters. The rent market recorded an increase of 2.6 percent year-on-year to 391.3 yuan ($59) per square meter per month.

Posted in: ECONOMY

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