How to observe the high-quality level of development of a city, the level of rent for writing buildings and tax revenue are important measures。
On the one hand, the housing price is much smaller and reflects the real level of economic development of a city。
For example, in many cities, housing prices are extremely high, but throughout the city, several high-grade writing buildings are not available and, if available, vacancy rates and rental data are good. There are also cities where housing prices are low, but high-grade writing buildings have a large base and rent。
Which of these two types of cities is an example。
On the other hand, tax revenue directly reflects the economic and social contribution of a writing building, a business district。
In the far north of the cbd, the tax contribution of a writing building tends to exceed rmb 1 billion, more than an ordinary county in the interior, which is likely to cover only 230,000 square metres。
According to the chinese institute of social sciences, blue book of business centers: development report of china's business centers zone no. 6 (2020), the number of buildings taxed by lu jiakou finance city amounted to 102 and 30 buildings taxed by $1 billion。
Seventy-one of the cbds in guangzhou are tax-paying and 17 are tax-paying. In beijing, 46 cbbds were taxed for over billions and 9 were taxed for over one billion. One building had a maximum tax of $5. 7 billion, while the shanghai state gold center had taxed more than $5 billion a year earlier。
The narrowness of the land below can produce such high output, and it is no wonder that the major cities are zealous about the building economy。
So who is the most profitable super-area in china's major cities? With this problem in mind, we have recently studied a study by the syndicate。
In recent days, the bank has measured the market for 100 office buildings in 86 key cities worldwide and released the 2020 global report on high-quality office rental tracking index, which combines taxes and charges. The report provides information on the ranking of rents for the world's most expensive office buildings, as well as rents for cities in china and the interior。
This data is different from the previous one, when the average rent for the city's writing building was usually the most expensive rent for the city's writing building。
01
Number of rents of most expensive office buildings in china (inland)
First, looking at the rents of the most expensive buildings in 10 major cities in china (in the interior), the report singles out only one of the most expensive sections in each city and ranks them:
This is the top 10 “super-areas” with the highest levels of development and highest earning power in the 10 major cities of china (the interior)。
The most expensive writing building in the north is located at $799 in beijing, $492 in shanghai, $372 in shenzhen, and $279 in guangzhou, new city, which is the rental ceiling of the writing building in each city。
In terms of the maximum rent for the writing building, there is a significant gap between the four largest cities, the cbd, with the average rent at beijing financial street being $342 higher than that of shanghai luk family, which can be classified as a separate category. The average rent for the luk family is 92 yuan higher than that for shenzhen fukuda and can be placed in the second tranche separately。
The average rent in shenzhen fukuda is $30 higher than the average rent in the new town of joojiang, guangzhou, both of which can be placed in the third tier. After the big, deep cbd in the north, the hangzhou wulin commercial district, nanjing new street commercial district。
What would the ranking be if it were based on the city-wide rental data for the writing building? The following is a breakdown of rents for level a office buildings in the major cities in the fourth quarter of 2020:
Data from: interlink, for information only
In terms of city-wide rents, beijing is still a long way ahead of shanghai, shenzhen and guangzhou. The high level of industrial development in beijing has made all other cities look forward to it。
One might ask why the cost of writing is not very high in shenzhen. An important reason for this is the strong interference of the shenzhen government in the supply-demand relationship between the writing buildings, where the vacancy rate has remained at more than 20 per cent for a long time, the highest in the first-line cities and the high level of supply。
However, the huge supply of writing buildings has also reduced considerably the supply of residential land in shenzhen, which has led to high prices and low rent for writing buildings in shenzhen。
When i visited the writing building in shenzhen last year, i found that shenzhen bay, which is rich in gold, has a large number of writing buildings with more than 100 pieces of rent. As a matter of fact, many of these writing buildings were built with the participation of the government, so rent control was low。
02
The most expensive office building in the world
What would be the global ranking of these super-areas (top-class business areas) where china can make the most money? The following is a list of the world's most expensive office rents for 2020 by the bank。
Figure source: interlinking lines
The above rent has been converted into rmb, and the rent for the chong chong cai building in hong kong, china, is approximately rmb 1390/m2/month, which serves as the ceiling for the global rent for the office building, although this level has fallen in comparison to previous years。
Among the top 20 rents worldwide, chinese cities occupy seven seats: hong kong, china, beijing finance street, beijing, cbd, shanghai, china, hong kong, east hong kong and shanghai, respectively。
With the exception of hong kong, beijing and shanghai, where quality office rents are at the top of the world, shenzhen ranks 27th globally, guangzhou ranks 48, hangzhou ranks 51, and taipei, china, among the top 50。
In addition, nanjing and qingdao are among the top 80 worldwide, with rent levels comparable to those in cities such as manchester, seattle and atlanta, united kingdom. Wuhan, chengdu and chongqing can rank around 100 globally, with the most expensive office buildings rent close to houston, new zealand。
03
Summary
In general, the world's most expensive rental writing buildings are located in the central circle of hong kong, china; in new york city, united states; in beijing, china; and in the west side of london, united kingdom。
In beijing, there are five main business offices, namely, the cbd, the nakawan village, the financial street, the third embassy district, and the kyoyoyo. The highest of these are cbd and the highest of the high buildings, the lowest of the high buildings on the financial street, the best of the hardware facilities, and, surprisingly, the highest of the vacant rates are cbds, while the lowest of the lowest, in the order of 3 per cent。
In terms of employment, 80 per cent of the financial sector is in the financial sector; 40 per cent is in the financial sector; 50 per cent is in the rural sector and 20 per cent is in the financial sector; 20 per cent is in the third embassy region; and 10 per cent is in kyoto. In the second quarter of 2020, the average monthly rent in the five districts was $663 on finance street, $379 on cbbd, $369 on central guan village, $330 on the third embassy region and $244 on the lookout for kyoto, thus showing a trend towards higher rents for writing buildings in the beijing commercial district。
Shanghai's mouth is also the largest group of financial enterprises, making it the most expensive writing building area in shanghai。
It is worth noting that 20 of the world’s most expensive business areas, silicon valley and beijing’s nakamura, are also prominent, suggesting that the rent tolerance of technological convergence is comparable to that of the financial center region。
This suggests that today, globally, the most profitable industries are finance and technology. At the same time, the financial centres and sti zones are the two most profitable super-areas in the world。
