Lower rents improved occupancy rates in Shanghai’s premium office market as the city reported solid economic growth, but most companies remained cost-conscious amid a cloudy economic outlook and expectations for bigger discounts, according to JLL.
Discounts attracted corporate tenants in the quarter ended September, prompting relocations from business parks and suburban areas to grade-A office buildings, the property firm said.
“As the rental disparity between grade-A and grade-B properties...
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