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Shanghai leads way in retail property development

Shanghai, Beijing and Hangzhou are the three cities in the Chinese mainland that offer the brightest prospects for retail real estate investors, CBRE, the world’s largest commercial property services provider, said in its latest report.

Investors are advised to exercise caution when considering opportunities in some second-tier cities such as Shenyang and Wuxi, where supply has outnumbered demand, said the report, which analysed 14 key indicators that influence the retail property market performance in 17 cities.

Shanghai’s retail property market exhibits both strong supply and demand. Retail rents in the city have been increasing at a steady pace, with rents in central areas rising at a compound annual growth rate of about 7.9 percent and vacancy rates remaining well below 10 percent.

(Source: Shanghai Daily)

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