Companies keen to pay for prime CBD locations

Demand for grade-A office space in major cities holds its own in a generally weak property market, reports Yao Jing.

Office space in core areas of China's big cities is getting more expensive. But instead of walking away, companies are paying up, topping expectations in China's commercial property sector in an overall weak real estate market.

The demand for grade-A office space in major cities has remained steady, driven by a lack of new supply, low vacancy rates, domestic companies' interest in new leases and increasing confidence on the part of landlords, according to property services consultants and providers.