Asia: natural disasters, fear of terrorism and Avian flu have not kept major multinational corporations.(Global market highlights)

From: Real Estate Weekly | Date: February 1, 2006 | Copyright information

ASIA: Natural disasters, fear of terrorism and Avian flu have not kept major multinational corporations from expanding into Asian markets.

While corporations have not had any trouble finding quality office space in Beijing, it was not cheap. A glut of new office building deliveries brought more than 1.3 million square meters of new space to the market in 2005, pushing vacancy rates for prime Class A space to 12.8 percent. Even with the higher vacancy, Beijing rents have a...

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