China's Empty Offices: Can Perks & Subsidies Help?
Update: 2025-09-08
Description
Chinese commercial property developers are battling record-high vacancy rates with creative incentives as empty offices plague major cities like Shenzhen and Shanghai. From EV charging to major rent cuts (down 40% since 2020!), landlords are pulling out all the stops to attract and retain tenants amidst economic tightening and oversupply. Experts predict continued challenges, with cities and developers exploring solutions like rental subsidies and building repurposing to navigate this market correction.
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