Expanding AI and chip firms push up rents in Beijing’s hi-tech district
Demand for Beijing’s grade-A office buildings increased in the first half of the year, with artificial intelligence and semiconductor companies making the Zhongguancun area a hot property at a time when office markets nationwide are still struggling. Home to the capital’s densest cluster of hi-tech firms, Zhongguancun was the only submarket to post rent growth in Beijing, China’s second-largest office market after Shanghai, according to a report from property consultancy Knight Frank on...
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