China’s warehousing sector – in recent years one of the bright spots in its struggling economy – now appears to be another piece of the mosaic on the downturn: vacancies have jumped, sending rents down and wiping out frothy predictions of growth.
According to commercial real estate services firm Cushman & Wakefield, vacancy rates are flirting with the 20% threshold. In the east and north of China, the rate hit 19.2% …
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