Second-tier cities struggle to find office tenants
By Yao Jing and Sun Li | China Daily | Updated: 2014-08-01 07:09
The 24-story Seaside Building on Lujiang Avenue in Xiamen's downtown area is attracting few tenants. A total of 10 floors are unoccupied, with four still being completed.
Although the premium office market is in full sway in big cities, second-tier cities in East China registered a high vacancy rate in the first half of this year, according to a report released by Colliers International, a commercial real estate service company.
Xiamen, in Fujian province, had the highest vacancy rate, at 24.1 percent, out of all the cities tracked during the period.
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