Colliers optimistic on Beijing office rentals

PUBLISHED : Wednesday, 26 January, 2011, 12:00am
UPDATED : Wednesday, 26 January, 2011, 12:00am

Property consultant Colliers International is optimistic on the outlook for the Beijing office property market over the short to medium term, helped by strong economic growth and limited new developments in the pipeline over the next two to three years. Resilient increases in rents were expected, given the strong stance of landlords, an optimistic outlook on market performance and a sharp decrease in new supply after 2011, Colliers said.