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Retail leasing solid
By Cao Qian |
January 8, 2011, Saturday
|
Print Edition
Print Edition
LEASING demand for prime retail space will remain solid this year in Shanghai but a large supply over the next 12 months may limit strong growth in the wider market, major international real estate services companies predicted.
About 948,200 square meters of new retail space are set to come into the local market, equivalent to around a quarter of the total inventory in Shanghai as of December, according to a latest research conducted by Savills China.
Of the total supply for 2011, about 54 percent will be located in Sichuan Road N. and the Changfeng area in Puxi as well as Century Park in Pudong New Area.
About 948,200 square meters of new retail space are set to come into the local market, equivalent to around a quarter of the total inventory in Shanghai as of December, according to a latest research conducted by Savills China.
Of the total supply for 2011, about 54 percent will be located in Sichuan Road N. and the Changfeng area in Puxi as well as Century Park in Pudong New Area.
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