Shanghai Figures Q2 2023

FIGURESTSIANGIIAITQ22023 CBRE Occupierdemandcontinuestopickup;investment dealsdominatedbyneweconomyassets T.:l:1.(i1.k:kFgJl.c Investment:AteLell2=trans9ctionsworu1aconbinedRMD14.03billicn1werecGmpleled122=23,9 +9.7%+23.5%+37.2% 1.16.1±7112,3.1R.ERralali -6-q y-t-d A-α-h (1a1m.1n7.61yr*)Rent -C.9%g -C.9% -2.2°%: VscancyRat +G.74 +0.74 +3.3 ExecutiveSummaryRatall 9-0-9 p-1-h A-o-h –(Ix:u.JusIuuLxrdJI Rent -C.0145, -C.0145, -2.23: pc:<:up1we*:h::ju:t:,wth:t:absalp:ixrirc:cirg1a0.41iqinC:llv:rcyrxi:by.7,:d] L:IG.7dsd'esullurzv,cul'pl=lisl'>.F1all=u.TMTdird=us'lessselvicesdiwder*gr'd. VacancyRate SuT"- -C.275 +0.4°s: ‒ Retail:Nrersropi1smgll3erecompl9tadthsqus"er:Citswdescen?decressedtyC.1-p3q-c-qto Logistles y-t-d A-o-h 7.FlthnetabsorsticnIol1g12.878s7.r,Thear9cualracveryofs99ondarvIccaticrsnsJredcverelPLuysy'H-4u+lLFu1es1y-Euruls-u Ront 1G.0*. 1C.64. +0.03 illiririti&kraelerinc.o'sxx:aic.ivc. –VacancyRate +C.9% +5.1%5 +5.4%: Lagistics:Taupajertsplic1gurbiled252223sk,I.ufspzetz11ursli29ri222C2SleyLy legsingaativity'nJinsrsn,QingtshScnjigrgpushedupnetat/crptiont1ia.8I8sq.m.PLsccntinued BusingsPark 9-2-0 H-o-h tdminatesas1ghlla9cornarsesemanjratounsed –Runl -G.24 -G.24 11.15 BuslnessPark;.Jikr:1)filccParn,liiqo/ha(ycngR.islnrssPakKcnsKusirssPa*(:in(ingn.Iw.1:1xrplccdt:.nrr,Iringjirg164,407n71.:Frcnsup:y.rtrpthorf:ll49%:-o-I-p26774 VacancyRate +1.0%. +2.1%. +2.5%; sem.Ceradwdsdivanbyiridusuislk'ufzeluiigTT,ardL-i-pallyspuμrwdeis. –,,:Investment* 9--9 p-1-f A-a-f Totalvnlume -21.96h -23.55h -3G.34: aratcontni,odtohadem7atasbgina:nen:clentsdtrenscthonss7aresc*whchregstedgrsetF-crltst.Domestic RS 21.750 3.53t ..t-kerrch::2223 Tie;-i,JJ-%×-ty.()mlk11I-23.a",f.-,..-. -UR:911N11122.23 Offirc ThisquatsawthcompetioncfAlaFinancialCantrc,QiatanSun)CilyCNS). Cuohua=inancialandCentre(T1).providingacombinedtotalof373.QoOsq.m.ofnew spacotothcSanghaictticlcasingnarket. Ver*-s.- +0.7%α-0-q Rμrlel'Vgl,* 0.9%g<-3 wtbsp:cr 180,/91sq.m TIGJRC2SlagheiCIiceSuppy2neCemzne Finencesectordrivesslightrecoveryinleasingdemend 1is. DemandpickedupsutstantiallycverthecoursofQ22023.withnetatsorptionraching 18.491sq.m.repreaentinggrowthof370%.q-2-q.heRalhwayEstatlon,centuryAvonuand Xujiehuisubmarketsoutperformedintermscfnetabsorption.Overallvacsncyrcseby0.7s q-0~-018.7%as31usullcfwce1:lclions Thetirnariceotheifi"aneiglservices,securities,tunds).TwT(ntsrnetservices)andousirisss stervicesCleafims,adeuilising3steloustacrethemaincriversaflcas'nfidenandthistuunler. Flexofficespaceprouderssignedseveralw!lzases,wileoccupiersinthetr=nsportatron drdstorageidu:lie:alscdispleysdclkdleirlaricl. 8 .: 15℃ 1.1le:p4:. :33 FIGJPEaSlarghiziOr'i:Reritalnd:? Overall=skingrents"ellby0.%g-o-gtoRvB272.6persc.n.p"mon:h.v.h'le=ffectiv= rentsfellbyC.7%,n-3-qto3MF205.3persg.m.prrmonth. 5::3 "*r.Y*-"n(HHS) Newsupplytostimulatafurtharimprovamantindemand Apreraxirialev953.000st,m.ufnic:uficc5vpplyisschexluluuforcumplct'on5wrthenexl sixmonchs,t=bulkcfwhichislocetedinHuamu.X_huihiversideancZl1=~ru.N=w!stock villolshpvaca"cyintheseareas,puttingrerizsuriclerdovnvarcpressure. 3x(12035 2:J Occupiersentimentis2xpectedtoimproveinH22023asm=croecc/n-omicindicatc'sare mnjerclillstremainfavourasle: 103 :1 - 2.(.- K:nilI* :2323心DR=,YC. -RINGIAI222 Rctail nvy VaraYEat.: 0.1%,-t NaA.r.atia 10.578a.m IGuR=4:Selecte:Leas*S Reritsremainstableamiddearthofnewsupply Le=singdemandstrengzhenedfurtherinO22c23c-thebackcftheDouble=iveShoppingF(slivilinMuyan)conlinudgurcwlninh;holicliyuton(umy.Duringhccuarlor:st:vcra Nc:newsupplywgscompletedthlsquartercltva.lc:vacancyslightlydecreasedo.1-ppsq-o- otve'yinrentsforpropcrliosinseconderylocolionstensured(verallavuujpeGiFshopoing Mallrentastsbllse:datRMB!4.o)persJ.m.perclay. kaymetricscfcc~sumptoninShenglhao_tperformcthes9meperlodcf2J79. 0.0%n-+. Frapart? SubrrsKat Tersat Sector Ini,p-fnx Fa&3 Ho1gqleo Mly-ee r&= i'lLu,1 Ho1g:(in Wnsio1dargi:li 1.ost:= Glu=zlIIgrbur L=CWO"< =gsliu1 Grzr:Gal:wuy68 Ini,pfrix GTARJEWE_RY AaisaJeaceY Glo.:lH:nxot Chvagfierng Gpr:k<x! FGUR=5cShsng1alRetallRencalIndex Racoverysattomaintainmomentumoverremaindarofyaar F&Rrlcminateel5gsingalrmg*d,accountingfor23%oftotalInasinevolurc:Active:sub sectorsinclud=dC-ineserest=Lrants.coffe&beverage.Asiancu'sineandbakery&dessert shcos.Fashioacountctfor22%ottctullcasi"gvolurnt,iththcwol'icr'svrcalarkl designerbrendssgr1elntsespecalbyactive.Accessories&jewellerysoresccnprised9of thetotal,witnnawopeni-gsincludingJapaneseretalerSTARJEwELRYlaunchingitsfirst shcoInchlng.Clsewhere,Genmansugermarke:ahaInAlec:1adcle:dseveralnwstores 1177023willsnnthe:adrlitionef417.3T7tcm.ofnmwrntailapicn:innon-prinr:8rras Iherecoveryintheirstslxmcinithscfthyearviasdrvenbythereboundofcheholiclgy ccnonyndculturaltour'smconsLimption.Asdem=nds-ifts.retailerswilllccktoharness nnvconsumptiongrewthbydevelcpingncv:productsandconcepta.Shoppingnallswill caatalisonheholdlsyconcmybycombinngculturatourism,art.sndctherdisciplinesto Iuslrncwcvertsar