Guide to renting shanghai offices
Companies searching for serviced office solutions in the UK are smart, but more and more firms are looking overseas to set up their headquarters. A popular destination? Shanghai.
The largest city in the People's Republic of China, Shanghai is one of the most important cities in the world. Indeed, it boasts the biggest population on the planet, a fact that only boosts its status in the world of finance and commerce.
Home to one of the world's busiest ports, right on the mouth of the Yangtze River, the city's location established its economic importance in the 19th Century, bringing in businesses from across the globe. In the 1990s, Shanghai's international prominence resurged, with commercial property in the Pudong District leading the way.
Indeed, development rocketed over the following 20 years, with growth exceeding averages even during periods of global recession. Retail, finance and real estate are all big economic drivers, with the former two industries constantly bolstering the demand for real estate. There are around 800 financial institutions now renting or owning office space in Shanghai, a quarter of which are foreign.
Expats and migrants account for a similar percentage of the city's population, with around 4 in 10 people coming from overseas. This cosmopolitan make-up has led to a wide range of religions practised throughout the area, in addition to a variety of cuisine and culture that brings in countless tourists every year.
With each new visitor, Shanghai's profile increases, reinforcing the desirability of property in the Chinese city - and the popularity of the market for international buyers.
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