Demand to delayed for Grade-A offices

A somewhat reduce direct for Grade-A offices in Guangzhou, collateral of Guangdong province, is foresee in a second half of a year, due to a delayed enlargement of foreign-funded companies.

According to a news by JLL, a tellurian skill advisory group, a Grade-A bureau marketplace in Guangzhou, a vital blurb and business heart in South China, will be influenced as a flourishing series of multinational companies delayed a growth gait in a city.

“However, internal businesses, generally in a non-traditional banks and financial sectors, will turn a vital force of enlargement for Grade-A offices,” pronounced Wu Zhonghao, handling executive of JLL (South China).

Multinational companies would keep a reduce direct for new offices, according to Wu.

“Most of them were peaceful to pierce to offices with reduce prices in a initial half of a year,” he said.

Guangzhou will yield about 700,000sqm of new offices in a second half of a year, call a aloft cavity rate in a nearby future, a news says.

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