China’s property market already faced challenges of debt-fueled speculation and overcapacity heading into the coronavirus outbreak.
As the commercial property market, in particular, looks for new channels of growth in coming years, some industry experts point to the following three trends:Tech firms’ demandFirst, China’s burgeoning technology giants are expanding.
“China Internet companies further benefit from protected competition from global internet giants,” the report added.
“As the industrial internet emerges as a key growth driver for the industry, China Internet companies will also benefit given the government’s support of domestic technologies.”
“These trends have obvious implications for the level and nature of occupier demand,” Savills researchers said in a June report on the China office market.