THE continued influx of foreign direct investment (FDI) and accompanying strong demand for prime business locations are fuelling a rise in office rental in Shanghai, the financial hub of China.
According to Shanghai Daily, the overall office vacancy rate in the city is at an historical low of 6.5%. The vacancy rate in prime areas, such as Jing An and Wang Pu, fell to 5% at the end of last year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!