SHANGHAIBUSINESS PARK MARKET SNAPSHOT Q2 2019上海商务园区市场概览 2019年 第二季度RESEARCH 研究报告32RESEARCHSHANGHAI BUSINESS PARK MARKET SNAPSHOT Q2 2019RENTSTABLE 2Major indicators of sub-markets, Q2 2019SubmarketRent(RMB / sqm / day)Rent % change (QoQ) Vacancy rateVacancy rate percentage point change (QoQ)Zhangjiang4.73↓0.4%17.5%↓4.0Caohejing4.82↓0.7%13.2%↓0.3Caohejing Pujiang2.68↓1.4%19.8%↓0.7North Jing’an4.23↑1.1%15.8%↑3.2Jinqiao3.59↑0.2%25.7%↑4.8Linkong4.30↓1.6%11.5%↑1.1Lujiazui Software Park6.70↓4.3%18.0%↑2.8Waigaoqiao3.29↑2.5%14.7%↓2.1Source: Knight Frank ResearchFIGURE 1Shanghai business park rentOn 30 June, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) jointly released the negative lists which outline prohibited and restricted sectors for foreign investment and a revised catalogue of sectors that encourage foreign investment. Service sectors including transportation, infrastructure, value-added POLICIESSource: Knight Frank ResearchBUSINESS PARK INVENTORY REACHED 9.92 MILLION SQM IN SHANGHAIIn the second quarter (Q2), three projects have been completed, bringing 255,148 sqm of new supply to the Shanghai Business Park market.In Q2, the average rent of Shanghai Business Park market remained at RMB4.25 per sqm per day while the overall vacancy rate increased to 16.5%, up 0.1 percentage point from the previous quarter. On 6 May, Shanghai Municipal Government held the 30th Certification Ceremony for multinational corporation (MNC)’s regional headquarters and R&D centres. There were 22 establishments of MNC’s regional headquarters and five R&D centres being certified by the government, including two R&D centres of pharmaceutical and auto parts sectors in Zhangjiang. The total number of MNC’s regional headquarters and R&D centres in Shanghai reached 687 and 445 respectively. Shanghai remains one of the most attractive cities in China to MNCs.Artificial intelligence (AI) as a priority sector has developed rapidly in Shanghai with several industrial clusters have been established, including Pudong Zhangjiang, Xuhui Binjiang and Minhang Maqiao. AIsland of Zhangjiang has attracted IBM, Microsoft and China’s leading AI enterprises to move in to focus on the development of AI, big data, cloud computing and the intelligent chip. In addition, the newly approved Maqiao AI Innovation Zone has also attracted robotics and the associated enterprises to settle TABLE 1Shanghai business park market indicatorsIndicatorQ2 2019 figureQoQ changeOutlook (Q3 2019)New supply255,148 sqmN/A↗RentRMB4.25 / sqm / day↔↗Vacancy rate16.5%↑0.1 percentage point↘Source: Knight Frank Research-1%0%1%2%3%4%5%0.00.51.01.52.02.53.03.54.04.52012Q12012Q22012Q32012Q42013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q2RMB/sqm/dayRent (lef)Q-o-Q Growth rate (right)down. With the rapid development of AI ...
