Soho China Reports More Vacant Offices in Beijing and Shanghai

What’s new: China’s leading office builder Soho China reported a rise in vacancy rates in its major office projects in Beijing and Shanghai during the first half this year, reflecting the impact of Covid outbreaks on the commercial property market.

With the exception of one newly opened office building in southwest Beijing, all of Soho China’s projects in Beijing and Shanghai recorded higher vacancy rates, according to the company’s first-half financial report released Wednesday.