Source:ColliersInternationalChengduResearchNote:1sqm=10.76sqft.USD1=RMB6.61atendQ2.“PP=percentagepoint”.Chengdu’srealGDPgrewby8.2%YOYinQ22018.Theservicessectorgrewby9.5%YOY,drivingdemandforqualityofficespace.>Activeofficeleasingreflectsfirmgrowthandthewesternforeigncommunicationcentreactionplan.>Averagerentrose3.1%QOQtoRMB105.2psmpermonthandthevacancyratefell3.3percentagepointsto23.4%.>230,000sqmofnewsupplyisduetobecompletedovertherestof2018.Butconfidenceisrising,andweexpectaveragerenttogrowby9%in2018,andbyatleast3%in2019and2020.>IntheFinancialTowndistrict,vacancyfellto17.4%,andrentrosesteadily.Weseethepresenttimeasawindowofopportunityfortenantstostrikenewleasingdeals.SummaryandRecommendationsCOLLIERSQUARTERLYOFFICE|CHENGDU|Q22018|27AUGUST2018>Leasingdemandhasbeenfirm,mainlyfromflexibleworkspac