Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The development of urban agglomerations is crucial for China's economic growth and regional integration, with 19 urban agglomerations identified as key growth areas [13][40] - Urban agglomerations are seen as a response to the challenges of rapid urbanization, including the alleviation of "big city diseases" through the development of metropolitan areas [50][62] - The report emphasizes the importance of coordinated development among large, medium, and small cities to enhance overall urbanization quality [33][64] Summary by Sections 1. International Experience and Chinese Practice - World-class urban agglomerations play a central role in national and regional development, with examples including New York, Tokyo, and London [20][24] - China's urbanization policies have evolved from promoting small towns to focusing on urban agglomerations as the main form of urbanization [28][40] 2. Development Logic of Metropolitan Areas under Urban Agglomeration Strategy - Rapid urbanization has led to negative effects, necessitating the development of metropolitan areas to alleviate urban issues [50][62] - The relationship between metropolitan areas and urban agglomerations is defined, highlighting the need for coordinated development [54][61] 3. Urban Renewal and Livability - Urban renewal efforts aim to enhance livability by relieving some functions of central cities [10][62] - Balancing livability and economic efficiency is a key focus in urban renewal discussions [10] 4. Construction of Multi-level Transportation Systems in Urban Agglomerations - The impact of rail transit and Transit-Oriented Development (TOD) on urban agglomeration development is discussed [6] - Japan's experience in rail transit construction is highlighted as a reference for China [6] 5. Urban-Rural Integration and Industry-City Integration Development - The report outlines the historical development and pathways for urban-rural integration [8] - Characteristics and types of industry-city integration are explored [8] 6. Current Status and Trends of Typical Urban Agglomerations in China - The report focuses on the development planning and strategic positioning of five major urban agglomerations [12] - It provides an analysis of the development trends of urban agglomerations in China [12][40] 7. Planning and Goals for Urban Agglomeration Development - The "14th Five-Year Plan" outlines the goal of forming a "two horizontal and three vertical" urbanization pattern, emphasizing the importance of urban agglomerations [41][44] - The report notes that urban agglomerations account for over 75% of China's urban population and contribute over 80% of the national GDP [40][41]

DTZ China Insight 中国投资市场信心调查 投资活动放缓 2014 年 1 月 24 日 目录 | 投资额 | 2 | | --- | --- | | 资金来源 | 5 | | 价格、租金和回报率 | 5 | | 展望 | 6 | 作者 聂安达 北亚区研究部主管 +852 2507 0779 andrew.ness@dtz.com 冯国健 亚太区预测部主管 +852 2250 8864 dennis.kk.fung@dtz.com DTZ Research 信心调查发现，受访者认为未来一年中国的投资市场将平稳发展。然而， 调查也显示出大多数受访者预计市场整合将会发生。 其中一个主要的调查结果是开发商和投资者就一系列的问题对中国房地 产业务的影响持有不同的意见（图 1 ）。开发商明确地指出中国房地产 热潮还沒有完全消退，投资者则普遍较为保守及非常关注房地产市场的 下行风险。 开发商对前景最为乐观而投资者则较为谨慎。此分歧将进一步限制商业 投资活动的发展，这有可能导致市场缺乏方向或令市场在未来一段时间 内相对平稳。 尽管开发商对前景普遍较为乐观，市场开始忧虑政策将会阻碍贷款人和 开发商的商业活动。因 ...

目录 | 简介 | 1 | | --- | --- | | 武汉物流市场的发展现状 | 2 | | 市场新变化 | 7 | | 未来市场的预测研判 | 8 | 作者 China Insight 腾飞中的武汉物流地产 高增长蕴酿的机遇和前景 2013 年 11 月 12 日 李孔瑞 华中区研究部主管 +86 20 8510 8209 christal.kr.li@dtz.com 白薇 DTZ 戴德梁行研究部 +86 27 8555 8239 vivian.w.bai@dtz.com 邝伟烘 DTZ 戴德梁行研究部 +86 20 8510 8216 nikko.wh.kuang@dtz.com 联系方式 Andrew Ness 北亚区研究部主管 +852 2507 0779 andrew.ness@dtz.com Hans Vrensen 全球研究部主管 +44 (0) 20 3296 2159 hans.vrensen@dtz.com DTZ Research Hh 近年来刺激内需已替代出口和固定资产投资而成为中国国民经济发展 的主要推动力，直接催生了物流行业的高速发展。数据显示，从 2006 年至 2012年 ...

目录 | 简介 | 2 | | --- | --- | | 第一部分：全球展望 | 3 | | 第二部分：区域展望 | 10 | 作者 Hans Vrensen 全球研究部主管 hans.vrensen@dtz.com Magali Marton 欧洲区研究部主管 magali.marton@dtz.com Richard Yorke 英国研究部主管 richard.yorke@dtz.com DTZ Foresight 大中华区 2014 年展望 新供应量创历史新高 但对市场影响小于预期 2013 年 12 月 31 日 Dominic Brown 东南亚/ 澳新区研究部主管 dominic.brown@dtz.com Andrew Ness 北亚区研究部主管 andrew.ness@dtz.com John Wickes 美洲区研究部主管 john.wickes@dtz.com Nigel Almond 策略研究部主管 nigel.almond@dtz.com Fergus Hicks 全球预测部主管 fergus.hicks@dtz.com Dennis Fung 亚太区预测部主管 dennis.kk. ...

Occupier Perspective 2014 年全球写字楼租赁成本展望 空间已用尽，租金仍看涨 亚太写字楼租户宜采用工作间新策略 2014年2月25日 目录 | 简介 | 2 | | --- | --- | | 第一部分－全球排名 | 3 | | 第二部分－全球概览 | 5 | | 第三部分－空间使用效率 | 7 | | 第四部分－甲级和非甲级写字楼 | 9 | | 第五部分－区域评论 | 10 | 作者 Milena Kuljanin 租户研究部 + 44 (0)20 3296 2305 milena.kuljanin@dtz.com 联系人 图1 2014-15租赁成本年增长率预测及当前空间使用效率（平方米） 0 5 10 15 -5% 0% 5% 10% 平均增长率 最低增长率 最高增长率 最佳方案空间╱工作間（右轴） 东京 吉隆坡 海德拉巴 杭州 旧金山 日内瓦 伦敦城 费城 全球通胀率 欧洲 全球增长率 美国 北亚 南亚 资料来源：戴德梁行研究部 DTZ Research 本期（总17期）全球写字楼租赁成本报告中，我们对全球138个国家甲级写字楼的 租赁成本进行了前景展望和分析。所覆盖市场较去 ...

Investment Rating - The report indicates a positive investment outlook for the North China region, particularly in the commercial real estate sector, with strong demand and rising rental prices in key cities [1][2][3]. Core Insights - The North China region's economy is stable with growth, particularly in Beijing, Tianjin, and Xi'an, where GDP growth rates exceed the national average [9][10]. - The demand for Grade A office space remains robust across the six cities in North China, with significant absorption rates and rental increases noted in Beijing and Tianjin [11][12]. - The retail market shows steady growth, with a stable rental environment despite increased competition from new supply in major cities [49][53]. - The residential market is active, with varying trends in price and volume across different cities, indicating a complex landscape influenced by local policies and market conditions [86][95]. Economic Overview - The GDP of Beijing reached 1,376.62 billion RMB (226.05 billion USD) in Q3 2013, with a year-on-year growth of 7.7% [9][10]. - Tianjin and Xi'an reported higher GDP growth rates of 12.6% and 11.5%, respectively, indicating strong economic performance [9][10]. Office Market - The average rental price for Grade A office space in Beijing increased to 298.9 RMB (49.1 USD) per square meter, reflecting a 0.7% quarter-on-quarter rise [11][12]. - The overall vacancy rate for Grade A offices in Beijing is low at 2.6%, with significant demand from domestic enterprises [18][19]. - In Tianjin, the average rental price for Grade A offices is 120.8 RMB (19.8 USD) per square meter, with a slight increase due to strong demand [24][25]. Retail Market - The retail market in North China is characterized by stable growth, with a year-on-year increase in social retail sales of around 10% [49][53]. - Beijing's retail market saw the introduction of several new shopping centers, contributing to a total retail space of 7,119,400 square meters [53][58]. - The average occupancy rate for new retail projects is above 80%, indicating strong initial performance [54]. Residential Market - The residential market in Beijing experienced a decline in transaction volume but an increase in prices, with average prices reaching 52,129 RMB (8,559.8 USD) per square meter [88][89]. - In Tianjin, the average transaction price for new residential properties rose to 14,495 RMB (2,380 USD) per square meter, reflecting a 5.5% increase [95][96]. - The residential market in Xi'an showed a decrease in transaction volume but maintained stable prices, with an average price of 7,192 RMB (1,181 USD) per square meter [121][122]. Investment Market - The investment market in Beijing remained active, with 43 transactions completed in Q4 2013, reflecting a 10.3% increase from the previous quarter [130][131]. - The total transaction value reached 50.74 billion RMB (8.33 billion USD), with a significant portion attributed to land transactions [130][131]. - The report anticipates continued interest from domestic and foreign investors in Beijing's real estate market, particularly in residential land [131][132].

引领与突破 长江中游城市群 提质换挡发展 武汉公司总经理 董事 1 CUSHMAN & WAKEFIELD 目录CONTENTS 最具增长性区域 : 长江中游城市群 1. 经济与地理上承东启西、承上启下的"桥梁" 2. 双循环换挡期，中部城市群战略地位提升 3. 最具增长性区域 长江中游城市群核心引领城市 – 武汉 1. 产业：经济发展动能换挡期，制造业升级、第三产业快速发展 2. 人口：人口流入加快，未来仍有千万增量空间 3. 交通：九省通衢，是支撑区域经济要素流通的核心交通枢纽城市 4. 教育：中部教育资源高地，科技创新氛围浓厚 5. 武汉市城市发展的前景与目标 产业升级发展将持续推动片区物业市场需求释放 1. 高速发展的高新技术企业聚集地：光谷 2. 正在崛起的高端现代服务业聚集地：汉口及武昌沿江商务区 "长江经济带发展是中国区域协调发展的重点 国家级战略之一，依托长江天然黄金水道推动东 中西部地区融合协同发展将有效打造中国经济 新的支撑带。区域发展战略的推进需要通过城市 和城市群的链接来实现，长江中游城市群作为长 江 经济带发 展地缘上承东启西的天然" 桥梁"， 其高质量发展是推动长江经济带整体融合发 ...

七 粤 系列之 港 澳 大 湾 区 G R E A T E R B A Y A R E A 湾区战略下的发展机遇与挑战 佛山 戴德梁行研究院 2022 年 3 月 佛山地处珠江三角洲腹地，是国家历史文化名城、重要的制造业基地、 粤港澳大湾区的重要节点城市、珠三角地区西岸经贸中心和综合交通枢 纽。佛山经过多年发展建立起来的健全的工业体系，涵盖了几乎所有制 造业行业，其中家电、家具、陶瓷、机械装备、金属加工等传统行业优 势突出，拥有装备制造、泛家居 2 个产值超万亿产业集群，孕育了一 批世界级民营企业品牌。 佛山：湾区战略下的发展机遇与挑战 1 | CONTENTS 目录 | FOSHAN | | --- | --- | | 一、传统制造业强市，产业升级为参与湾区发展提供核心竞争力 | P5 | | 宏观经济：经济实力及综合竞争力全国领先，广佛融合拓展湾区发展纵深 | P7 | | 产业结构与发展趋势 | P8 | | 坚持制造业立市，产业集群化、规模化基础雄厚 | P8 | | 民营企业蓬勃发展，民营经济政策环境持续优化 | P9 | | 以数字化赋能和培育新兴产业，来加快建设现代产业体系，推动未来高质量发展 ...

Investment Rating - The report indicates a strong investment interest in the TMT sector in Beijing, highlighting its growth potential and strategic importance in the industry [5][6]. Core Insights - The TMT industry in Beijing is experiencing significant growth, with over 34% of China's major TMT companies headquartered in the city, benefiting from its political and educational advantages [5][12]. - The demand for office space from TMT companies is the highest among all industries, with a net absorption of 74,900 square meters in 2013, accounting for nearly 30% of the total net absorption [4][22]. - A trend of relocating labor-intensive departments to suburban tech parks is emerging due to high rental costs in core areas, while medium-sized TMT companies prefer leasing office properties [4][12]. - The report forecasts continued strong demand for office space from TMT companies, with 77% of surveyed firms optimistic about long-term growth in the sector [25][32]. Summary by Sections TMT Companies in Beijing - Approximately 34% of the 241 large TMT listed companies in China have their headquarters in Beijing, making it a national hub for high-tech and information technology industries [5][12]. - The information technology sector's contribution to Beijing's GDP has increased from 7.5% a decade ago to 9.0% in 2013, with a GDP value of 174.96 billion yuan [5][9]. Office Space Demand - TMT companies accounted for 30% of the total office space absorption in Beijing in 2013, surpassing the financial sector's 24.3% [22][23]. - The average rental price for prime office space in Beijing's CBD has risen from 149 yuan per square meter per month in 2010 to 300.8 yuan in Q2 2014, leading to a trend of companies relocating to more affordable areas [49][50]. Future Outlook - The report suggests that the demand for office space will remain robust, with many TMT companies planning to expand their office areas and workforce [25][32]. - New tech parks and office areas are expected to attract TMT companies due to lower rental costs and favorable tax policies, allowing for a mixed strategy of maintaining some operations in core areas while relocating others [61][62].

DTZ China Insight 建立首都经济圈 产业转移，不同城市的商办用地增值 进程加速，部分城市商办用地初现增值缓慢 2014 年 8 月 30 日 目录 | 可持续发展将达极限 | 2 | | --- | --- | | 首都经济圈概念的兴起 | 3 | | 非核心功能的加速疏解 | 5 | | 建立首都经济圈对土地市场的影 | | | 响 | 11 | | 结论 | 14 | 作者 聂安达 北亚区研究主管 + 852 2507 0779 andrew.ness@dtz.com 赵岩 华北区研究主管 + 86 10 8519 8087 grace.y.zhao@dtz.com 联系人 Hans Vrensen 全球研究主管 + 44 (0)20 3296 2159 hans.vrensen@dtz.com 首都经济圈的概念早于 2004 年就已由国务院提出，但是，过去十年间北京市、 天津市及河北省之间却产生了许多的暗中争执和矛盾，主要原因是由于在产业布 局重新调整问题上，三地的利益分配难以协同一致。交通一体化的争议性较小， 区域内快速公路、高速公路以及北京市郊铁路已经开始建设，因此交通基础设施 建设 ...