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:
This article was originally published in https://www.cushmanwakefield.com.cn/en/
Download the Report Read MoreOffice net absorption hits record high; New infrastructure emerges as investment focus
OFFICE
Overall net absorption increased by 18% q-o-q to 352,700 sq. m., a record high. TMT firms contributed 43% of total new leasing volume as several leading companies in the sector completed large-size transactions. Four new office buildings providing a total GFA of 283,000 sq. m. were completed in the CBD and Lize.
RETAIL
New supply in Q3 2021 included the 105,000 sq. m. GFA Xiyue Paradise Walk, which come on stream fully leased. F&B retailers remained active, led by coffee and tea brands. Six projects providing a total GFA of 369,000 sq. m. are scheduled to come on stream in the next six months.
LOGISTICS
No new logistics supply was added to the market this quarter. Demand continued to be led by e-commerce platforms and Third-Party Logistics (3PL) firms. Two new logistics facilities are scheduled to be completed over the next six months, providing a total GFA of 117,000 sq. m..
BUSINESS PARK
Three new projects in Z-Park, Fengtai and BDA area were delivered to the market this quarter, providing a total GFA of 594,000 sq. m.. TMT continued to drive demand for business park space, with traditional internet companies and integrated circuit firms most active.
INVESTMENT
Eleven investment transactions were closed in Q3 2021, totalling RMB 8.1 billion. As all deals were below RMB 2 billion and eight were below RMB 1 billion, total investment volume declined q-o-q, while y-t-d investment volume remained flat y-o-y. Assets related to ‘new infrastructure’, such as data centres, were keenly sought-after, accounting for 21% of total investment volume this quarter.
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Download the Report Read More写字楼市场
净吸纳量延续上行并创下单季历史新高。搬迁扩租态势进一步扩大,TMT持续增长,同时金融及医药行业加速布局。受需求全面回暖的带动,全市租金止跌企稳,报价和有效租金较上季度分别上调0.6%和0.8%,前滩和南京西路回暖最为明显。
零售市场
三个优质项目入市,为市场带来共计43.2万平方米的零售供应。租赁需求活跃,餐饮依旧是当前主力需求,占比39%;时尚品类占比24%,其中女装与运动品牌需求最为亮眼。
物流市场
第三季度市场未录得新增供应,季内第三方物流引领市场需求,松江、奉贤与金山分别录得若干第三方物流公司的新租扩租需求,旺盛的需求致全市空置率持续下降,平均租金稳步上涨。
商务园区市场
旺盛需求持续释放,商务园区写字楼单季净吸纳量达36.5万平方米,仅次于2015年峰值。
投资市场
上海以25笔大宗交易共计218.7亿元交易总额继续领跑全国,尽管单季金额环比下降,但年内累计成交金额达678.0亿元,接近去年全年水平。
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