(MENAFN- GlobeNewsWire – Nasdaq) Dublin, March 27, 2024 (GLOBE NEWSWIRE) — The “China Commercial Real Estate – Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 – 2029” report has been added to ResearchAndMarkets’s offering.
The China Commercial Real Estate Market size in terms of transaction value is expected to grow from USD 0.89 trillion in 2024 to USD 1.07 trillion by 2029, at a CAGR of 3.49% during the forecast period (2024-2029).
For the office market, nationwide net absorption is estimated to reach 6.2 million square meters in 2022, well above the five-year average of 5.3 million square meters. Technology and finance sectors are expected to continue being the primary drivers of office demand.
Key Highlights
COVID-19 significantly impacted China’s commercial real estate market. This is due to high vacancy…
