Real Estate

Binhai New Area Real Estate Information

Rent prices for industrial manufacturing and logistics warehouse facilities vary throughout the Binhai New Area. In early 2010, average rent in the Tianjin Economic Development Area (one of Binhai’s main industrial parks) was approximately RMB 12 per square meter, per month for logistics warehousing and RMB 51 per square meter, per month for R&D facilities. In the first half of 2011, the industrial rent prices increased across Binhai to a range of RMB 21 per square meter per month to RMB 30 per square meter per month. Utility costs for industrial purposes have risen due to power shortages across the nation in early 2011. Manufacturing facilities throughout the past five years have been growing so quickly that China’s infrastructure is struggling to provide the necessary resources to keep up. In some cases, China has cut back production hours in order to meet electricity and water supply.  As China has struggled to meet electricity needs throughout the nation, the cost of electricity, from 2010 to early 2011, increased by RMB 0.012 per kilowatt hour ($0.004 per kwh). In Binhai, the average water cost in 2009 was around RMB five per cubic meter and in 2010 rose to RMB 5.6 per cubic meter. Electricity prices rose slightly as well from 2009 to 2010 by nine percent from RMB 0.57 per kilowatt-hour to RMB 0.61 per kilowatt-hour.

For more information, please view our Guide to Real Estate Prices in China and our Guide to Manufacturing Utility Costs in China.

Please click here for a list of Industrial Parks in Binhai New Area that are specially developed for foreign investments and often times offer special incentives and/or programs for foreign companies.

A Note on Industrial Parks: Most new and developing industrial parks in China conduct real estate deals in-house instead of using third-party brokerage services.

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CBRE Global real estate services firm with offices throughout China

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