Real estate services provider Colliers International’s Asia Pacific Office Market Overview Q3 2011 indicated robust leasing demand drove Shanghai’s prime office average rent up 14.1% Y-o-Y to RMB8 / sq m / day, which rose to ninth place from eleventh in Q2 in Asia Pacific. The report also showed that Shanghai was ranked the world’s sixth financial center in the Xinhua-Dow Jones International Financial Centers Development Index in 2011, moving up two positions from 2010.
Read more... Add new comment
Are the suppliers, specifiers and end-users of interior fit-out markets really embracing the green revolution? Ashford Pritchard investigates.
Asia Pacific’s commercial real estate market will continue to dive, plateau and recover depending on the domestic context in the next few years. It is widely acknowledged by market analysts that Asia will rebound faster and more confidently than its European and North American counterparts, in part because of international investment patterns, the rate of GDP growth in China, India and upstarts like Vietnam, and Asia’s volatile track record of peaks and troughs over a shorter period of time compared to older, more established markets.
