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Recent Greater China News
Greater China Retail Supply/Demand Trends 2024 — Advancing Through Innovation
According to the Greater China Retail Supply/Demand Trends 2024 report, at Q2 2024 the total prime retail property stock in the core markets in the 16 major cities in Greater China we track totaled 112.5 million sq m. Additionally, during the past year, demand for prime retail space in China continued to be active. Therefore, the overall vacancy rate seen in the 16 major cities in Greater China decreased to 10.6% in Q2.
Mandy Qian • 05/09/2024
Optimal Prime — Grade A Office Optimisation on the Chinese Mainland
To keep abreast of the changing Chinese mainland Grade A office environment, Cushman & Wakefield conducted a 20-question questionnaire survey on Grade A office landlords on the Chinese mainland. The questions focused on their perspectives and the answers provide the reader with the latest thinking prime office landlords in the region have on the market conditions and have on their current and future office asset management strategy to achieve commercial success.
Mandy Qian • 22/08/2024
Total Asia REIT Market Values Recorded at US$252 Billion as at End of 2023, Slipping 7% Y-O-Y
Cushman & Wakefield’s latest Asia REIT Market Insight report, for 2023-2024, underscores the overall dynamism of Asia’s Real Estate Investment Trust (REIT) markets and demonstrated resilience in several markets. The traditional REIT market powerhouses of Japan, Singapore, and Hong Kong China continued to dominate. However, the emerging Chinese mainland and India REIT markets are adding new layers of opportunity and growth.
Mandy Qian • 29/07/2024
Greater Bay Area Primary Residential Transactions Rebounded in June as Market Cooling Measures Eased
GBA primary market residential sales slowed in 1H 2024 compared to the same period last year, under the continuing global high interest rate environment. However, market sentiment strengthened following the introduction of supportive housing policies in May. The CRE investment market, for large-sized deals at >RMB100 million, was primarily driven by state-owned enterprises and mainland investors.
Rosanna Tang • 23/07/2024
Hong Kong Home Prices Weakened Again in Q2 as Interest Rate Cuts to Come Later Than Market Expectations
Hong Kong residential transaction numbers rose noticeably in April, but slowed again in May. The Grade A office market recorded positive net absorption for the third consecutive quarter, mainly driven by leasing demand in non-core districts. Gradually recovering tourist arrivals saw the overall retail high street vacancy rate remain stable in the quarter.
Rosanna Tang • 03/07/2024
Cushman & Wakefield Signs Strategic Cooperation Memorandum With the United Nations Institute for Training and Research
Cushman & Wakefield and the United Nations Institute for Training and Research (UNITAR) have signed a strategic cooperation memorandum at the Cushman & Wakefield Shanghai office. The two parties pledged to engage in ESG and business promotion cooperation, with the aim of jointly promoting sustainable development.
Mandy Qian • 21/06/2024
Cushman & Wakefield Greater China Wins Three Best Five-Star Awards at 2024 Asia Pacific Property Awards
Cushman & Wakefield has again been recognized at the Asia Pacific Property Awards, scoring three best Five Star Awards plus one “Award Winner” for outstanding achievements in the Greater China commercial real estate market, highlighting the firm’s leading industry position and exceptional service offerings.
Mandy Qian • 14/06/2024
Diagnosing the Market: The Chinese Mainland Life Sciences Sector
The life sciences industry in China is continuing to evolve. The industry’s development is being supported by a number of factors. Of the more important elements, four comprise policy, industry growth, population demographic dynamics, and the level of innovation. This report also focuses on the current situation and future prospects of life science industry clusters in China’s four first-tier cities and in Suzhou.
Mandy Qian • 13/06/2024
Office Fit Out Costs Continue to Rise Across Asia Pacific, Albeit at a Much Slower Rate
Average office fit out costs across Asia Pacific continue to rise in 2024, albeit at a much slower rate as compared to a year ago, according to Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2024. While inflation has started to ease in some markets, concerns about the interest rate environment, supply chain issues and geo-political tensions remain prevalent although there is hope for an economic rebound in the second half of 2024
Mandy Qian • 30/05/2024
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Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
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Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
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MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
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Reworking The Office Asia Pacific
Our REWORKING series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.
David Shi • 03/11/2023