Commercial Real Estate Is No Safe Haven
(Beijing) – Since the central government enacted policies to slow the residential housing market in January 2010, investors have switched their focus to commercial real estate.
In the first quarter of 2012, the average vacancy rate of class A office buildings in Beijing was 4 percent – a new low – and the average rent climbed 39 percent from the same period in 2011. Investors saw this as a good sign and the building of commercial property projects to increase supply was accelerated.
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