In the media | 09 May 2024

MINGTIANDI: Oversupply weighs heaviest on China’s office markets

Nick Wilson, Associate Director at Oxford Economics, was recently quoted by Mingtiandi in a report. “Despite the prevailing global headwinds, China’s office markets have been flooded with new supply, evidenced by higher vacancies relative to other global markets,” wrote Nick. “All major cities across China currently have vacancy rates above 20 percent, with nearly half of these cities exceeding 30 percent.”

Read the full report: Lujiazui Group Marketing $4.1B in Shanghai Office Towers – Mingtiandi

Read the full report by Nick Wilson: Chinese office markets look set for a lost decade | Oxford Economics

From more real estate insights from our team of experts, check out Real Estate Trends and Insights | Oxford Economics.

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