Chinese office landlords try free furnishings to lure tenants amid economic squeeze

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Chinese office landlords try free furnishings to lure tenants amid economic squeeze - SCMP

Quick Summary:

Rental fees are going down, and competition is getting fiercer,’ as landlords fight to sustain occupancy rates, CBRE researcher says.

But the property service firm added that tenants benefit from a weak office market, where rising vacancy rates give them bargaining power during negotiations.

A recent survey of 237 corporate tenants by CBRE showed that a third of companies interested in expanding or relocating cannot afford to furnish their offices.