• Grade 'A' office rents rose by 5.4 per cent in the first quarter to an average of RMB135.1 per sqm per month
  • Citywide vacancy rates fell by 0.8 of a percentage point to 10.2 per cent as demand from domestic financial and insurance companies remained firm
  • Demand stayed strong in the sales market in the first quarter, and this, combined with no new supply, drove transaction prices up by 6.5 per cent to an average of RMB29,250 per sqm
  • Four projects with a total GFA of 350,000 sqm are expected to be launched onto the market in 2010 bringing the total Grade 'A' office stock to two million sqm
  • Developers have increasingly adopt a lease-only approach in order to achieve stable long-term returns