FILE PHOTO: Skyscrapers in Shanghai’s financial districts. Photo: Reuters FILE PHOTO: Skyscrapers in Shanghai’s financial districts. Photo: Reuters
FILE PHOTO: Skyscrapers in Shanghai’s financial districts. Photo: Reuters
China property

Covid-19 forces businesses in Shanghai to leave central commerce districts to save rent

  • A gap of 4 yuan per sq m in daily rent between CBDs and emerging commercial districts led to a rising number of office relocations since the middle of last year
  • Anecdotal evidence suggests that a wave of business closures took place in the first half of 2020

Topic |   China property
FILE PHOTO: Skyscrapers in Shanghai’s financial districts. Photo: Reuters FILE PHOTO: Skyscrapers in Shanghai’s financial districts. Photo: Reuters
FILE PHOTO: Skyscrapers in Shanghai’s financial districts. Photo: Reuters
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