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Second-tier city office vacancy to rise due to overbuilding

Second-tier city office vacancy to rise due to overbuilding

Write: Uttanka [2011-05-20]

A property project in Qiqihar City in northeasten Heilongjiang Province. China s office vacancy may rise in some of the country s less affluent cities as developers overbuild, driving rents down over the next two to three years, the world s biggest commercial property broker New York-based CB Richard Ellis Inc.said early this week.Sun Yuchen