China’s office vacancy surges amid economic downturn, surging supplies

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Office buildings in China's top cities see vacancy rate surging as demand is unable to keep up with surging supply, due to economic downturn, US-China trade tensions and the deleveraging campaign in the financial sector.

Vacancy rate for Grade A office space in Beijing climbed to 11.5 per cent in the first half of the year, the highest level in eight years, according to Colliers International, a global commercial real estate services and investment management firm. About 160,000 square meter new office space was offered in the first six months this year, bringing the total office . . .

 

 

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