A view of Shanghai’s Lujiazui financial district, to the left of the Huangpu river that cuts through China’s premier financial and commercial city. Photo: Xinhua

Office glut creeps up in Shenzhen, Beijing and Shanghai as trade war saps growth plans and start-ups move to co-working spaces

  • Shenzhen’s office vacancy rate rose to 16.6 per cent at end of June, while Beijing’s was at 11.5 per cent, and Shanghai jumped to 18 per cent
  • Four of 15 landlords of Shenzhen’s new office towers are major developers, rest are small builders, investment firms or conglomerates
Topic |   China property

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A view of Shanghai’s Lujiazui financial district, to the left of the Huangpu river that cuts through China’s premier financial and commercial city. Photo: Xinhua
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Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.