Shanghai Figures Q2 2023

CBREFIGURES T SIANGI IAIT Q2 2023 Occupier demand continues to pick up, with investment deals dominated by new economy assets. The report shows a 9.7% increase in occupier demand, a 23.5% increase in rental rates, and a 37.2% increase in vacancy rates. The report also notes that the actual recovery of secondary tenants has been relatively linearly translated to the demand side. The logistics sector has continued to grow, with urbanized logistics parks increasing by 252223 square meters. The business park sector has also seen an increase in net absorption, with the report noting that the sector has dominated by sales transactions. The report concludes that investment deals have dominated by new economy assets, with a total volume of 21.96 billion.