Worldview International

Worldview: China


The Chinese economy continues to grow — but that expansion is simply not enough when compared to historical trends. China’s GDP grew 9.8 percent year over year through the first three quarters of 2021, but that figure dropped to just 4.9 percent when examining 3Q2021 on its own, according to a recent report by CBRE. This sluggish figure is partly a result of a booming 3Q2020 along with regional COVID-19 difficulties, environmental disasters, and ongoing power supply problems.

Still, while the Chinese economy looks to recapture its skyrocketing growth of the mid-2010s, commercial real estate appears to be bouncing back. Foreign investment rebounded to pre-pandemic levels in 3Q2021 — with international volume topping $2.3 billion, representing nearly a third of the total deal volume.

Unsurprisingly, China’s major metro areas remain the preferred destinations for all investment, with 74 percent of dollars reaching Shanghai, Beijing, Guangzhou, and Shenzhen. Shanghai alone attracted $3.45 billion in 3Q2021.

Looking toward 2022, the pipeline for new commercial real estate appears to be healthy. Industrial new supply should top 4.3 msf through 2021, with retail expecting 4 msf and office expecting 2.5 msf. Cap rates should be relatively stable, while the industrial sector could weather a slight contraction in cap rates thanks to growing demand and strong leasing volume, while rent remains relatively stable, growing 0.7 percent year-over-year in 3Q2021.

Infographic data courtesy of CBRE.

Advertise with Us

Reach more than 45,000 top-performing commercial real estate professionals with CIRE magazine’s print, podcast, and online offerings.

Download the Media Kit



Worldview: Finland

Fall 2022

Nations across Europe are seeing a continued rebound in consumer demand. Thanks to the ongoing recovery from the pandemic, Finland saw healthy economic growth in 2Q2022.

Read More

Worldview: Singapore

Summer 2022

Singapore bounced back in a major way in 2021, with the economy expanding by 7.6 percent year over year, outpacing initial projections of 7.2 percent.

Read More

Worldview: Thailand

Spring 2022

Thailand, the world’s 24th largest economy by gross domestic product, had an expectedly turbulent 2021. 

Read More

Worldview: Brazil

Fall 2021

The effects of the COVID-19 pandemic continue to produce chaos in global economies in 2021. Brazil suffered a sharp contraction in gross domestic product in 1Q2021 of 1.5 percent, with unemployment inching upward to 12.9 percent in May.

Read More