Q1 2010 Grade A Office Rentalssource: DTZ |
|
| City | RMB/m2/month |
| Shanghai | 185.54 |
| Beijing | 145 |
| Hangzhou | 117.71 |
| Guangzhou | 117.3 |
| Xi’an | 112.32 |
| Chengdu | 107.34 |
| Tianjin | 102.55 |
| Nanjing | 93.38 |
| Qingdao | 90.07 |
| Dalian | 86.91 |
| Chongqing | 62 |
| Wuhan | 56.4 |
Conventional Leased Offices
Normally leased office space require lengthy contracts and comes empty (i.e., you need to furnish the office with furniture and equipment).
According to DTZ, as of Q1 2010, Chengdu has 360,600 m2 of Grade A commercial office space with a 17 percent vacancy rate. Rent averages at 107 RMB/m2/month (this down from RMB115.9/m2/month in Q4 2008) and is projected to rise by 5 percent by the end of 2010.
For an explanation of the difference between Grades A, B & C of office space read “Categorization of office space is flexible“.
Serviced Offices
Executive suites or business centers, where office space is fully furnished and then rented out to other companies, are called serviced offices in China. Serviced offices normally allow for flexible rental terms.
Serviced Office Providers in Chengdu
- TheMoveChannel
- South Lippo Tower: 元 3800-8500/workstation/month
- Times Plaza: 元 2500-4500/workstation/month
- Shidu: 元 880-1500/workstation/month
- Regus –
- 48 RMB/person/day
- 26/F Building A, Times Plaza, 2 Zongfu Road
- serviced-offices.com.cn – four options
- Times Plaza, Zonfu Road, Jin Jiang District
- Shangri-La Office Tower, Binjiang East Road, Jin Jiang District
- Lippo Tower, Kehua Bei Road, Wu Hou District
- Beixin Street, Jin Jiang District
Chengdu Real Estate Market Studies
- DTZ Property Times Q1 2010
- JLL Property Market (Mar 3-12, 2010)
- DTZ Property Times Q4 2009
- DTZ Property Times Q3 2009
- JLL Property Market (3Q09)
- DTZ Property Times Q2 2009
- DTZ Office Market Brief Q2 2009
- DTZ Property Times Q1 2008
- DTZ Office Market Brief Q2 2008
- Cushman & Wakefield Office Report (4Q08)
- Jones Lang LaSalle – Impact of Wenchuan Earthquake on Chengdu’s Propery Market (June 2008)
- Savills report on Retail Market (probably dated around 2008)
- Savills report on Residential market (1H/2008)
News/Trends
- Chengdu Office Building Rent Falls by 7% (dated 2009-02-10)
- late 2008 – Grade A – RMB 115.9/m2/month
Real Estate Companies
- Debenham Thorpe (DTZ)
- Maxxelli
- Savills – Room 1806, Block A, Times Plaza, No. 2 Zongfu Road, Jinjing District
- CB Richard Ellis Chengdu
- Chengdu Today House Information co, ltd. – website has a comprehensive database of available offices for rent with photos. One page is in English.
- Cushman & Wakefield
- Jones Lang LaSalle
- Colliers International
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hello,
We currently pay full price rent a business center in Shanghai. Convenient location, but a bit pricey.
To reduce costs, there are several solutions: work from home + "virtual office" rent an office in "direct" (no business center) or share an office with other clubs.
From a legal standpoint, it was explained that the representative offices must register in an "A-grade office."
Since we are already registered, is what this obligation still holds? A box suggested I register my office elsewhere and to work on the basis of a virtual office …
In short, my question is: what is legal, accepted … advice? What are the risks?
Thank you for your help!
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