9 real estatemad

Recently, Jones Lang LaSalle in 2008 issued by the Shenzhen real estate market in the second quarter to the report, Shenzhen, a good momentum of economic development, commercial real estate market remained stable development. So far, the global credit crisis and economic downturn on the Shenzhen Commercial real estate does not have a negative impact on the market.

The report notes that the market supply and demand for office space this season strong growth momentum. Financial services, logistics, information technology industry was booming demand for expansion. However, increased supply and high vacancy rate, the downward pressure on rents.

Jones Lang LaSalle China Director, Managing Director of the Shenzhen Zhong Yao said," Despite the global economic growth uncertainties, but in 2008 China's economy maintained rapid growth. Multinationals and domestic companies still focus on in China Business growth. "

The report, the three pillar industries in Shenzhen - financial services, logistics, information technology tenants expanding their office space. This quarter in 2005 recorded the highest since quarter net intake of 135,114 square meters. On the one hand, more and more companies concerned about the Shenzhen market, and have local presence, such as Qualcomm (Qualcomm) Kerry building leased 1600 square meters, the Bank of Ningbo 4000 square meters building hire wealth; On the other hand, as the company's business The development of local enterprises are also expanding the size of the lease, such as Ping An Bank Xing Development Center leased 30,000 square meters.

In addition, the supply of Grade A office space in recent years rapidly increased: in 2007 the year of about 470,000 square meters of grade A office space supply, the vacancy rate rose to 23.4 percent; in the second quarter of 2008 is also about new supply of 160,000 square meters at present Grade A office space, the total stock of 1,500,000 square meters breakthrough, recorded a vacancy rate of 17.7 percent. The newly completed Grade A office space located in most of the CBD, the quality of facilities is superior to the early completion of the office, it attracted a large number of foreign companies settled tenants, such as the INVESCO Great Wall Fund Management Company from CITIC Plaza, the city moved to Kerry Square , To rent space from the expansion of 1600 square meters to 2994 square meters. In order to retain high-quality tenants, the old office buildings are usually offered measures to make up its pressure on rents. On the other hand, most of the old office ownership, the owners of small low-resistance capability, it is difficult to maintain the current level of rent.

Jones Lang LaSalle, deputy director of Shenzhen Commercial real estate Xiachun Yi, head of the view that" a huge supply of rental curb rising. "Stressed the report is expected in the next few years, the quality of the property rights of a single office supply will increase, In order to attract more foreign high-quality customers located in Shenzhen. At the same time, a single high-quality office property and general office difference between the rent will be more pronounced.

Xia Chunyi analysis:" At present, the Shenzhen market, choice of quality, grade A office space of a single title, only two, namely China Resources Center, Kerry building. Despite the huge supply of up to rent an adverse effect The top of the existing office tenants because of continuing strong demand and low vacancy rate for rental will continue to enjoy the right to speak. "Compared with the average monthly rent in the city 151 yuan / m (gross floor area), high-quality Grade A office space on rent up to about 220 / M (gross floor area). In the next few years, the quality of the property rights of a single office supply will increase, such as the Century Center of Excellence, therefore, be able to attract high-end, in particular the quality of foreign tenants, to enter Shenzhen. At the same time, hardware quality, facilities, and building management, such as the difference between a single high-quality office property and general office difference between the rent will be more obvious.