China’s Slumping Commercial Property Market Is Attracting Bargain Hunters
- Office prices have been hurt by slow economy, oversupply
- ‘We’ve come to a buyer’s market,’ Colliers manager says
Pedestrians walk along a bridge pass buildings in Pudong's Lujiazui Financial District in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s battered commercial real estate market is expected to attract more bargain hunters this year after prices were crushed by a slowing economy and swelling supply.
That’s according to Colliers International Group Inc., which says prime office values tumbled about 30% from their pre-Covid high in some of the nation’s major cities.