Real Estate

Shanghai Real Estate Information

Average rents for industrial manufacturing and warehouse facilities in Shanghai are high when compared to those of neighboring provinces. As of early 2010, rent prices for industrial manufacturing and warehouse facilities in all districts of Shanghai (including Pudong) ranged from RMB 22 to RMB 37 per square meter per month. R&D facilities ranged from RMB 31 to RMB 122 per square meter per month.

Properties within Shanghai’s economic zones and development areas are generally more expensive due to the financial incentives and other preferential policies that are offered. Utility costs for industrial purposes have been on a rise since recent power shortages across the nation. Manufacturing facilities throughout the past five years have been growing so quickly that China’s infrastructure has struggled to supply the necessary resources to keep up. In some cases, China has cut back production hours so that electricity needs and water supply may be equally met. As China has struggled to meet electricity needs throughout the nation, the cost of electricity, from 2010 to 2011, increased by RMB 0.012 per kilowatt hour ($0.004 per kwh). In early 2011, the cost of water in Shanghai ranged from RMB 1.1 per cubic meter to RMB 1.3 per cubic meter and the average electricity is around RMB 0.68 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 Shanghai 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.

Agency Description
CBRE Global real estate services firm with offices throughout China
Jones Lang LaSalle Financial and professional services firm specializing in global real estate service

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