Excuse me, what is the rent of commercial office buildings in various regions of Shanghai?

The highest rents for Grade A office buildings in Shanghai are still along Nanjing West Road and Huaihai Road. Dtz's research report on office buildings in the third quarter of this year shows that the average rent level of Grade A office buildings on Nanjing West Road increased by 1.4% compared with the second quarter, reaching 256. 1 yuan/square meter/month (1.038 USD/square meter/day), while that along Huaihai Road increased by 7.4% in the third quarter, reaching 245. A person from the office building department of dtz said that the rent level of Nanjing West Road is the highest in all regions of the city, because Grade A office buildings in this region are scarce and of high quality. As multinational companies set off a new wave of expansion, Shanghai Grade A office rents will still face strong upward pressure, and this expansion momentum will continue until next year. It is estimated that the average rent of Grade A office buildings in Shanghai will still increase by nearly 10% in the next six months, with an increase of about 8%- 10%.

The rental unit "RMB" began to replace "USD"

According to relevant sources, about half a year ago, the rent and buying and selling price of office buildings, whether from negotiation or final signing, were denominated in US dollars. Now, RMB has gradually replaced the rental unit that has been used for many years-the US dollar. In the third quarter of this year, the People's Bank of China decided that the RMB would appreciate by 2. 1% from July 2005, and immediately began to implement a floating exchange rate system with reference to a basket of currencies.

This RMB exchange rate adjustment will change the monetary unit used by the real estate industry for a long time.

It is understood that many well-known developers in Shanghai, such as Ruian, Singapore Government Investment Corporation and Jiahua, all use RMB as the rental unit in the lease contracts signed with tenants, although the two sides often use US dollars as the rental form in the pre-transaction negotiations. Since the announcement of RMB exchange rate adjustment was officially released, this change has become more obvious. Nowadays, in most cases of leasing and purchasing properties in Shanghai, the preliminary negotiations and signing contracts have been completed in RMB.

Well-known multinational companies with high-quality office buildings expand their occupancy targets.

Many well-known multinational companies have been targeting high-quality Grade A office buildings in Shanghai. Especially in the new round of enterprise expansion, the pre-lease of newly-built Grade A office buildings is active, which has become the occupancy target of these world-renowned enterprises in the process of expansion. Citigroup,

Google, Nianlida, Bayer, Pepsi, DSM and GlaxoSmithKline all pre-rented new high-quality buildings in this city.

The new supply of Grade A office buildings in Shanghai increased significantly in the third quarter, but in the following six months, the new supply in the market will tend to be calm. The office properties that will be completed and listed in the next few quarters and have been pre-rented include: Ganghui Plaza in Xujiahui, Xinmao Building in Xintiandi and Huaihai Jinghua Building. Therefore, the excess supply in the market will be very tight, and the average vacancy rate is expected to drop below 5%.

Supply increased and vacancy rate remained low.

Despite the huge new supply in the third quarter of 2005, the average vacancy rate of Grade A office buildings in Shanghai remained at a low level in the third quarter of this year, about 6.9%, with no obvious change from the previous two quarters.

Among several large business districts in Shanghai, the surplus supply of Nanjing West Road and Huaihai Road is still the most tight, with vacancy rates of 2.3% and 3. 1% by the end of September respectively. In the People's Square area, with the completion of the city headquarters building, the market tension was temporarily eased, and its vacancy rate rose slightly to 7.2% at the end of September. In Lujiazui, Pudong, the strong absorption of Huiya Building and Citibank Building reduced the average vacancy rate by 4.5 percentage points, reaching 7.6% by the end of September. At the same time, the office rent in Lujiazui has been rising steadily this year, reaching 199.8 yuan/square meter/month (0.8 1 USD/square meter/day), and the vacancy rate has remained at around 7%. Among them, Yujing International Business Plaza, with its unique geographical advantages, convenient traffic conditions, scarce Huangpu River landscape and unique ecological garden design, has attracted the attention of many domestic and foreign buyers and become one of the most influential sales projects in Lujiazui.

In the third quarter of 2005, the average rental quotation of Grade A office buildings in Shanghai continued to rise, although the increase slowed down. By the end of September in Shanghai, the average rental quotation of Grade A office buildings in this city rose by 0.5% to 207.8 yuan/square meter/month (0.84 USD/square meter/day). However, the supply of Grade A office buildings in Shanghai is still very tight. In addition, although the RMB exchange rate has been adjusted, many office buildings still use the US dollar as the rental quotation unit, which reduces the increase in rent when converted into RMB. By the end of September, the average rent of super Grade A office buildings in Shanghai reached 3 19.6 yuan/m2/month (1.29 USD/m2/day). At present, there are 14 super grade A office buildings in Shanghai, the quality of which reaches the international grade A office standards, such as Jiahua Center, raffles city and Huiya Building.