Thought Leadership

• In Q3/2021, Wuhan’s Grade A office market witnessed no new supply, so the citywide Grade A office stock remained at 2.26 million sq m.
• Information technology, business services and consumer services saw active leasing demand in the quarter, respectively accounting for 26.3%, 16.0% and 15.1%, ranking the top three among all industries.
• Rent declines released upgrade and relocation demand, which took up 44.2% of the citywide total, while new set-ups were also in demand, accounting for 26.5%. The implementation of the “double reduction” policy for compulsory education has driven out many online education companies.
• The citywide Grade A office net take-up recorded 40,000 sq m, a 12.1% quarter-on-quarter (QoQ) decrease. By the end of the quarter, the average Grade A office vacancy rate declined 1.8 percentage points (ppts) to 35.1%.
• The citywide Grade A office average rent has fallen for seven consecutive months, but with a narrowing decline range. By the end of Q3/2021, the average rent for Grade A office fell to RMB102.2 per sq m per month, while the rent index fell 0.4% QoQ and 4.1% year-on-year (YoY).
• Wuhan’s Grade A office market is expected to introduce TF Building and Huaxia Bank Tower next quarter. Due to construction delays, several landmark Grade A buildings will postpone their delivery to 2022.

This article was originally published in https://en.savills.com.cn/

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The past two years have seen an unprecedented degree of disruption—from the pandemic to climate-related events to social justice protests. This convergence of global challenges has heightened focus on the environmental, social and governance (ESG) issues and trained a spotlight on corporate real estate (CRE) leaders' purpose and mission.

This article was originally published in https://www.cbre.com/

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2020 was a watershed year for Environmental, Social and Governance (ESG) investing in real estate as pandemic- and climate-related disruption, along with growing recognition of social inequity, prompted investors to adopt a more robust approach to sustainability-related risks.

60% of respondents to CBRE’s 2021 Global Investor Intentions Survey stated that they have already adopted ESG criteria as part of their investment strategies, with the Americas, EMEA and Asia-Pacific all recording a stronger focus on ESG issues than in previous years.

With ESG now playing a much more prominent role in how companies operate, investors are embedding ESG considerations into every stage of the property lifecycle, from due diligence to acquisitions and from leasing to asset management.

This article was originally published in https://www.cbre.com/

 

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China’s 14th Five-Year Plan (FYP) includes a number of socioeconomic goals. Three areas which the plan is looking to further improve upon are:

• Innovation, technology and ‘new infrastructure’;
• Environmental sustainability, and;
• City cluster development.

This article was originally published in https://www.cushmanwakefield.com.cn/en/

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