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在线翻译:
szdaily -> Business
Foreign firms’ demand for offices to grow
    2017-July-4  08:53    Shenzhen Daily

Liu Minxia

mllmx@msn.com

AS the government further relaxed restrictions on foreign investment, Shenzhen is expected to witness an increase in both the number of foreign-invested companies and the scale of foreign investment, which will accordingly drive up the demand for top-grade offices in the city, a latest report by Jones Lang Lasalle’s Shenzhen office said.

The National Development and Reform Commission and the Ministry of Commerce last week cut the restricted items by about a third to give foreign investment more access into China’s services, manufacturing and mining sectors, which will result in more foreign companies from the services, telecom and financial sectors investing in Shenzhen, said Xia Chunyi, director of Jones Lang Lasalle’s Shenzhen office.

“Moreover, with the deepening of Shenzhen-Hong Kong cooperation, more Hong Kong firms are expanding to Shenzhen in order to reach the mainland market,” Xia said.

Eight grade-A office buildings were put into use in the first half of this year in Shenzhen, supplying more than 700,000 square meters of top-grade offices, the world’s largest commercial real estate services company said.

The majority of the new supplies are located in Nanshan and Futian districts, with a few in Bao’an District. Half of the new buildings are used as headquarters of Shenzhen companies.

Due to the ample supply, the vacancy rate rose by more than 3 percentage points to 16 percent at the end of June. Despite that, rent rose by 0.1 percent from the end of 2016 thanks to stable demand from financial service firms.

Roughly 700,000 square meters of grade-A offices will be ready for use later this year, which will put further pressure on rent and vacancy rate, the report said.

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