The world’s first high-rise financial Mirror: Europe and the United States mad Tenant

Goldman Sachs from the Shanghai World Financial Center had terminated their tenancies.
“Goldman Sachs has been contact with us before, but the financial crisis, has now settled intention to abandon.” Investor in a global financial center – a unit of Japan’s Mori Building Mori Building Management Real Estate Consulting Co., Ltd. Miss Pan told reporters.
The world’s luxury report [luxury.icxo.com] Shanghai World Financial Center opened August 28 of this year. This world’s tallest building (height 492 meters), to an average of 20 yuan / square meter-day rental (prices mentioned in this article are the use of space) as the Lujiazui [10.81 -0.64%] rent upstart. Its 7-77 layers of office floors, main “World Financial magnetic field” concept, the main target customers with world-class banks, insurance companies, investment banks, securities companies and other tenants in the main.
As of October 26, the reporter to the latest news is that a global financial center’s occupancy rate has exceeded 50%. However, the financial field is also difficult to arrive tremendous impact on the financial crisis, lowering the rent, put your movements for non-financial tenants, etc., have become a real crisis response effort.
“Financial magnetic” mirror image
“While the financial crisis, but so far we have not received the tenants terminated their tenancies has signed the message.” Miss Pan said.
But she also admitted that there was some intention to customers after the outbreak of the financial crisis, abandoned assigned to the plan, “especially U.S. companies, they are most affected by this crisis.”
In the World Financial Center in this small magnetic field in the financial crisis at a glance since the financial ecology.
The current situation, the most powerful U.S. companies shrinking, followed by European companies affected. The World Financial Center now hard to find in the figures of U.S. companies, while the European financial companies – such as BNP Paribas, Deutsche Bank, has rented in the Global 2,300 – ranging from an area of 6,000 square meters next year, after January 1 will be formally settled.
Asian companies, apart from Japan’s financial companies, Bank of Korea has also leased thousands of square meters of global area.
Mainland China Guotai Fund has rented 5,600 square meters of area will be settled soon after. The reporters also learned that a number of other domestic financial companies are in negotiations.
“After the outbreak of the financial crisis, we do not cut prices.” Miss Pan said. She said that the current low-floor unit of a large area has been depleted, 50 floors above the unit rent is about 650 yuan / square meter / month.
World Financial Center currently offer an average rent of 600 yuan / square meters month, converted down to 20 yuan / m day, more than the same level as the 5AAA Jin Mao Tower, Hang Lung Plaza office building, for the same maximum.
“Hang Lung Plaza, the original pre-leasing (floor, not yet fully completed, signed a lease contract) price is only 78 yuan / m days, and now referred to 16 yuan / m days, and now has just opened World Financial Center shortly after the rent the price reached 20 yuan / m days, the price is still the most expensive kind. “Weichao Ying Executive Director of the Department of DTZ Debenham Tie Leung, said office. Hang Lung Plaza occupancy rate of more than 90%, and now their prices are usually fourteen or fifteen yuan / m day.
However, DTZ Debenham Tie Leung executive director Wei Chaoying office, said: “As far as I understand it, if it is rented relatively large area, then rent some room for negotiation, some may be about 550 / m days, and can be extended by a number of free the lease and renovation period. ”
Wei said that two months ago, this price there is no room for negotiation.
“We have received some of our customers require in January 2009 to reduce leased space after 1 notice, and some customers want us to negotiate and owners to reduce rents.” Weichao Ying told reporters. Because enterprises are generally the beginning of the budget had been set down, now is the mid-year season, and companies are generally not immediately the scale of cuts in expenditure.
This year is the high-end real estate leasing industry’s most prosperous year, DTZ Debenham Tie Leung in this year’s profit of more than in any previous year, most of them new customers from the financial sector, in the beginning of this year, domestic and foreign banks have to expand, however, the next two years, DTZ Debenham Tie Leung is expected to be quite bleak outlook.
“We expect the next two years, high-grade office space rental demand will significantly decrease. Terminated their tenancies rent reduction will happen, reduce the proportion of about 10% of rent.” Keywords: