Manya Rathore
Research expert covering India
Office property in China - statistics & facts
China’s office property market has experienced significant growth since the early 2000s. Investment from real estate developers increased around six times within the last 10 years. Until 2014, the area of newly built office properties experienced year-on-year growth. Despite the tremendous increase in office property investment, growth in the market is gradually declining. The office market demonstrated a rising vacancy rate in key cities in 2019. During that year, many aspects of China’s economy were suffering from trade tensions with the United States. The slowing economy also led to a weakening demand from enterprises for office space. The COVID-19 pandemic, and the subsequent strict control measures in China, accelerated the downturn of the market.
