Shanghai's hi-tech park rents fall as the economic slowdown bites but landlords keep the faith eyeing tenants' strong business prospects
Rental rates at Shanghai's hi-tech parks have slipped this year as start-ups battled cost pressures in a slowing economy, but as the city steps up efforts to bolster sectors like semiconductors, artificial intelligence (AI) and biotech, owners of such businesses will generate stable returns for both investors and vendors. According to property services firm JLL, rents at the city's major hi-tech parks stood at 4.5 yuan (62 US cents) per square metre per day in the third quarter of 2023...
Daniel Yao Shanghai Shibei Gaoxin Group China Morning Post Publishers Ltd Shibei Hi Tech Park Shanghai Shibei Gaoxin South China Morning Post
Source: yahoo.com