AT least 100 grade A office buildings, located on both sides of the Huangpu River, are due to be completed in the next couple of years, according to German property consultancy Fiducia.
And Brooke Hillier Parker's Shanghai office predicts that about 10.7 million sq ft of new grade A office space will be available next year and 32.3 million sq ft by 1997.
In the past, some multi-national companies in Shanghai have had to operate out of hotel rooms because of a lack of space.
Rents and sale prices of office space are expected to fall next year.
But that is good news only for those who can afford to wait as competition is heavy for existing office space.
According to Brooke Hillier Parker's October report on the Shanghai property market, much of the existing space is poor. Despite this, rents remain high because of the short supply.