Vcg | Visual China Group | Getty ImagesBEIJING — China's commercial property sector is seeing pockets of demand amid an overall real estate slump.
Commercial real estate, which includes office buildings and shopping malls, makes up just a fraction of China's overall property market.
Sales for both commercial and residential properties had fallen for much of last year, according to Wind.
Covid-19 restrictions on movement had also cut demand for China's commercial property, in line with global trends.
China's economy, however, took longer than expected to rebound from the pandemic, amid a broader slump in the property market.
Persons:
JLL
Organizations:
Visual China, Getty, BEIJING
Locations:
Beijing, China