Shanghai Free-Trade Zone Office Rents Jump on Demand, CBRE Says
This article is for subscribers only.
Office rents in Shanghai’s designated free-trade zone have doubled in three months as building owners take advantage of companies rushing to register an address in the region, according to CBRE Group Inc.
A surge in demand for a presence in the 29-square-kilometer (11-square-mile) area has pushed up asking rents to 4.2 yuan ($0.69) per square meter (10.76 square feet) per day, double the level in July, Los Angeles-based broker CBRE said in a report released yesterday.