Realty continues sturdy growth

SHANGHAI: The city's real estate market remained robust in the first quarter, with the office and industrial sector particularly strong, according to the latest report from leading real estate consultancy Jones Lang LaSalle.

Average office rents across the city reached 7.82 yuan per square meter per day, up 0.7 percent from the last quarter, while vacancies remained low at only 4.9 percent.

A-grade premium office rentals were especially strong, with brisk pre-leasing activity from multinationals and financial institutions, the report said.