Posted 2/26/2024, 7:15:15 AM
Chinese Commercial Real Estate Defies Gloom with $37.5B in Deals, Logistics and Rentals in Demand
- Despite economic pessimism, China's commercial real estate market held up well in 2022 with $37.5B in transactions, the highest in Asia
- Strong demand for logistics and rental apartments drove investment, with Shanghai the 2nd most active market in Asia
- Domestic Chinese investors played a bigger role, accounting for over 80% of deals vs 60% in 2019
- China's rental housing market is taking off due to barriers to home ownership and supportive policies
- Regulatory reforms establishing REITs have increased transparency and exits for investors in Chinese commercial real estate