International property consulting and management firm Jones Lang LaSalle has conducted in-depth research into the business park sector in China. Although is still in its infancy it is now firmly poised for lift-off.
According to the report, today’s business parks are generally characterized by location in suburban areas and a broad mix of building types.
China’s emerging business park sector is enjoying strong demand.
Jileen Loo, head of business park sector for Jones Lang LaSalle China, said, ‘The stock of business park space in China, which is estimated to stand currently at about 17 million sq m, is expected to more than double to around 38 million square meters by 2010. Over 60% of the current stock is located in the four cities of Shanghai, Beijing, Dalian and Guangzhou.’ Much more HERE.
Source: China Daily