'Too many offices' in the works

There will be an oversupply of office space in China in the coming three years, with second-tier cities being hit first, industry analysts said.

The supply of office space in second-tier cities will increase more than 350 percent from current levels within three years, a report by real estate consultancy DTZ, a division of UGL Ltd, showed on Wednesday.

In some markets, such as Dalian, Changsha and Xi'an, developers are demonstrating concern about an oversupply by putting up for sale nearly all of the future stock of office properties that are about to hit the market, according to DTZ.