HONG KONG: Chinese commercial property developers are seeking to lure tenants with value-added services such as subsidies for charging electric vehicles in addition to lower rents, as they battle record-high vacancy rates across the country.
Empty offices are increasingly common even in top cities such as the southern tech hub of Shenzhen and commercial capital Shanghai, as the sector grapples with sluggish demand due to corporate cost-cutting and multinational companies shrinking their presence.
