Commercial Real Estate in the Era of High-Quality Economic Development

Following the relaxation of pandemic-related controls at the end of 2022, China’s GDP growth rebounded strongly in the first three quarters of 2023. However, the country’s short-term economic outlook remains challenging due to volatile external economic and geopolitical conditions along with still fragile business expectations and consumer confidence.
 
Medium and long-term economic indicators indicate that China is entering a new phase of economic growth. Exports, investment, and human capital, which have underpinned China’s high-speed growth over the past 20 years, are gradually slowing.
 
As new growth drivers emerge and propel China's economy into a new era of high-quality growth, the sustainability of economic development, economic structural adjustment, and industrial upgrading, as well as improvements to the quality of life of the general population, will assume greater importance than ever before.
 
Against this backdrop, CBRE China’s latest report, titled "Commercial Real Estate in the Era of High-Quality Economic Development " profiles five major trends—new consumer demand, emerging business engines, higher quality real estate, improving efficiency and embracing sustainability – and explains how they will influence commercial real estate leasing and investment strategy in the coming years.