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Over the past decade, the Shanghai Grade A Office Market has experienced phenomenal growth. Total Grade A office stock grew from 1.26 million sq. m. in 2005 to 5.21 million sq. m. as of 2014. During this period, the overall quality of the office stock has improved substantially along with the development of high specification office projects. As regional headquarters for many multinational companies as well as large domestic companies, Shanghai has one of the most dynamic office markets in China.