After survey in 2015, this year we conducted a new tenant survey,  expanding our coverage from 85 to 115 Shanghai Grade A office buildings in CBRE’s database and our analysis is based on nearly 4,000 pieces of tenant information, 20% higher than previous report.  We believe this report will help our clients  to have more insights into China’s most dynamic office market.
• In terms of leasing space, financial and manufacturing companies continue to dominate the market, together accounting for over 50% of total Grade A office stock. However, CBRE observed that several manufacturing corporates moved to non-core area or business park in the past two years. TMT sector is more active as demand from technology companies remain robust.
• Although foreign tenants occupied more office space than domestic tenants, accounting 55% of total Grade A stock, Domestic tenant to remain proactive towards expansion.
• Financial firms drive domestic demand, reflecting the rise of financial services companies. Demand from MNCs are relatively diversified.
• 75% of financial companies are located in six major submarkets while increasing number of financial companies move to Lujiazui and Zhuyuan in Pudong.  Professional services firms prefer to stay in Puxi due to cluster benefits and becoming more client facing. 
• Average tenant size grows by 17% in the past two years mainly thanks to larger occupier and“super tenants”. Super tenants (10,000+ sq.m) account for 21% by leased space, amount which foreign firms (73%) remain major occupiers.