Quote:
Originally Posted by LAsam
Wow. Is there demand for all this new office space or it being built on spec?
|
Yes, ~90% spaces of these new buildings were already let to well-known tenants including Fortune 500 companies and China's local big companies. Also, quite some super tall buildings were actually owned by local State-owned Enterprise, which would occupy the new buildings from old ones.
Also, in Guangzhou CBD, you could find most luxurious hotels such as Four Seasons (Global Flagship Hotel for FS), Ritz Carlton, W Hotel, Rosewood (under construction in the tallest building), Grand Hyatt, Conrad, Mandarin Oriental and etc.