Future trends include expansion to smaller cities and the development of more mixed-use commercial properties.
San Francisco, CA (PRWEB) December 05, 2012
In recent years, China's economy has been boosted by rapid industrialization and urbanization. Rising incomes have stimulated demand for residential real estate and business expansion has led to the development of Commercial Real Estate industry in China. Over the five years through 2012, revenue for the industry has been growing at an annualized rate of 18.1% to about $169.0 billion, says IBISWorld. However, revenue growth has been falling over the period, as the government has had to issue policies to suppress the industry's overheated development, inflated prices and speculative activities.
The Commercial Real Estate industry has a low concentration level. The top four firms, Dalian Wanda, SOHO China, CapitaLand China and GreenLand Group, account for less than 5.0% of total industry revenues. As competition intensifies and the industry matures, the expansion of large players into second- and third-tier cities like Chengdu, Shenyang and Xi'an, will increase the industry's concentration level.
In the next five years, IBISWorld anticipates that revenue growth for the Commercial Real Estate industry in China will be much more steady, largely due to the strengthening of controlling policies by the government. There will also be a trend toward the development of more mixed-use commercial properties that offer shopping, dining, accommodations, and office space.
For more information, visit IBISWorld’s Commercial Real Estate in China industry report page.
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IBISWorld Industry Report Key Topics
The Commercial Real Estate industry in China is mainly engaged in commercial building development, sales, leasing and marketing. Commercial buildings include office buildings and shopping malls. The development of residential housing, schools, and libraries is excluded from this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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