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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