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Working Harder Working Smarter - China Office Report 2018

Working Harder Working Smarter - China Office Report 2018

First, thank you for reading the previous 2017 Savills China Office Market Report. This is our second publication of the report, and in last year’s publication, we analysed nearly 20 leading Chinese markets city by city and broke down each market by key business districts. This time, we are looking at markets from a different angle—we will focus more on the demand side and market trends, and will highlight hot markets that either outperform or are at a turning point. The China office market continues to change—we have been talking about oversupply, decentralisation, urban redevelopment, and the rise of co-working over the past three years. In 2018, we saw co-working extend to traditional office buildings. We also talked about building economy, strong demand from the information technology industry, and property technology, as well as the importance of sustainability and wellness. However, these mainstream market characteristics are not applicable to all cities. For these different markets, we will dig out reasons why, and forecast where the markets will go from here.