Shanghai Business Park Property Market Outlook
Long China’s largest city and commercial capital, Shanghai now has set a strategic goal to leverage urban planning and development tools to establish itself as a global technology and innovation hub. This effort not only will play a crucial role in driving Shanghai’s own high-quality development, but also will help China achieve its broader mission of becoming a world leader in technology. Shanghai’s business parks since inception have been essential vessels of the city’s industrial growth, nurturing many of the nation’s industry-leading firms. The business park sector will remain vital as the city’s economy undergoes innovation-driven transformation, benefitting from ongoing industrial clustering effects and growing policy support.