China Brief Q2 2022

China’s Q2 2022 economic data published on Friday July 15 revealed the extent of the impact of the government’s Covid-19 lockdown measures in April and May.

Prolonged lockdowns in major economic centres like Beijing and Shanghai disrupted commercial real estate leasing and investment activity in Q2 2022. The period witnessed a significant slowdown in office and retail leasing, but resilient performance in the warehouse and business park sectors.

With the gradual lifting of lockdown restrictions at the end of May and government incentives taking effect, all key economic indicators registered strong improvement in June.

CBRE’s latest Q2 2022 China Brief examines the latest economic data and the implications on commercial real estate, and forecasts China’s GDP growth and economic recovery for the rest of the year.