This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
Business expansion has led to the development of Commercial Real Estate industry in China. Over the five years through 2012, revenue for the industry has been growing at an annualized rate of 18.1% to about $169.0 billion, says IBISWorld.
San Francisco, CA (PRWEB) December 05, 2012
In recent years, China's economy has been boosted by rapid industrialization and urbanization. Rising incomes have stimulated demand for residential real estate and business expansion has led to the development of Commercial Real Estate industry in China. Over the five years through 2012, revenue for the industry has been growing at an annualized rate of 18.1% to about $169.0 billion, says IBISWorld. However, revenue growth has been falling over the period, as the government has had to issue policies to suppress the industry's overheated development, inflated prices and speculative activities.
The Commercial Real Estate industry has a low concentration level. The top four firms, Dalian Wanda, SOHO China, CapitaLand China and GreenLand Group, account for less than 5.0% of total industry revenues. As competition intensifies and the industry matures, the expansion of large players into second- and third-tier cities like Chengdu, Shenyang and Xi'an, will increase the industry's concentration level.
In the next five years, IBISWorld anticipates that revenue growth for the Commercial Real Estate industry in China will be much more steady, largely due to the strengthening of controlling policies by the government. There will also be a trend toward the development of more mixed-use commercial properties that offer shopping, dining, accommodations, and office space.
For more information, visit IBISWorld’s Commercial Real Estate in China industry report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Industry Report Key Topics
The Commercial Real Estate industry in China is mainly engaged in commercial building development, sales, leasing and marketing. Commercial buildings include office buildings and shopping malls. The development of residential housing, schools, and libraries is excluded from this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/12/prweb10189095.htm
635 W. 7th Street