What is the current office market in Guangzhou?

Generally speaking, the office market in Guangzhou can be summarized as follows: the demand of multinational enterprises is declining, and the registration of wealth and investment enterprises is limited, but the rental demand of other local industries remains dynamic. According to the research of Jones Lang LaSalle, one of the four major international real estate banks, it can be analyzed from the following aspects:

? Net absorption has gradually picked up since the low level in the first quarter, but the market conservatism has not dissipated?

? Although two Grade A office buildings have been added, the overall vacancy rate of the city has hardly changed.

? ? Supply pressure has curbed the upward trend of rents, while the capital value continues to grow steadily.

? Demand from multinational companies, wealth and investment companies is expected to cool down.

It is predicted that the overall rent level will remain stable in the future1February, and it will enter a slow rising channel again in the second half of 20 17, mainly due to the rent increase brought about by the expected recovery of supply and demand balance in the core area of Zhujiang New Town. ?