Real Estate

Tianjin Real Estate Information

Along with other major Chinese markets, Tianjin has the luxury of constant facility expansion. Although the economic downturn of 2009 that was a result of the global financial crisis has slowed construction, average warehouse rent prices in Tianjin have not been affected.  In 2010, they were around RMB 25.5 per square meter, per month, yet as of early 2011 rose slightly to RMB 26.6 per square meter, per month. Utility costs for industrial purposes have been on a rise since power shortages hit the nation in early 2011. Manufacturing facilities throughout the past five years have been growing so quickly that China’s infrastructure has struggled to keep up with the demands. In some cases, China has cut back production hours so that electricity needs and water supply may be 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 2010, the cost of water in Tianjin ranged from RMB 2.20 to RMB 5.20 per cubic meter and by 2011 the total average rose to RMB 4.85 per cubic meter. Electricity costs in Tianjin increased as well. In 2009, it ranged from RMB 0.52 to RMB 0.57 per kilowatt-hour and in 2010 rose to a range of RMB 0.49 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.

Industrial parks are a great place to look for investing. Often times, they are specially developed for foreign investments and often times offer special incentives and/or programs for foreign companies. For Example, the Beichen Hi-Tech Industrial Development Area is one such option. The development area is located in the north if the central part of Tianjin and is one of the 57 high-tech industrial parks approved by the State Council with more than 350 enterprises from 24 countries. Close to expressways, railways, ports and airports, the Park is in an advantageous location between Beijing and Tianjin. The key industries in this area include advanced equipment manufacturing, new materials, energy and original innovation. The Park is expected to develop into an integrated industrial center with scientific research, new technologies, financial services and commercial entertainment.  Please click here for a list of other Industrial Parks in Tianjin.

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
Tianjin Executive Centre Fully furnished, ready to occupy office suites for 1 to 50 people
Jones Lang LaSalle Financial and professional services firm specializing in global real estate service

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TriVista’s global consulting team provides guidance to foreign businesses operating in China. Learn More.

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