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The third quarter increase in office rents in Guangzhou

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Savills: Guangzhou, the third quarter, rising office rents Savills reports that demand is still the third quarter of Grade A office market in Guangzhou, the main tone. The third quarter of the city's Grade A office rents increased by 3.2% qoq, to the people in each square meter per month RMB 118.1 yuan. Meanwhile, the market welcomed the quarter million office building part of the Link Exchange delivery, bring to market 65,000 square meters of new supply. However, in support of strong demand this quarter continued a downward trend in vacancy rates, reported at 7.2%. Guangzhou, the third quarter, Class A office rents by strong demand-driven, to continue the upward trend has accelerated and the phase from the previous quarter. Ring in the quarter rose 3.2% over the previous quarter growth of 1.5 percentage points, reported in the 118.1 Yuan per square meter. The main areas to promote the rent rose from the days of Pearl River New City, Hebei, and the two main CBD, the former limited supply coupled with the ideal atmosphere for the traffic and business coverage, while the latter benefited from the major companies in emerging Looking forward to the future development of business circles and the excellent quality property. In addition, the Guangzhou municipal government in order to meet the provisions of the Asian Games on September 30 after major renovation inside and outside the city should stop, which also makes part of the actual needs of the guests have to step up Market, so to some extent, promoted the city's Class A office rents rose faster.
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