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Overview

What's Typical

TERM

2–3 years, longer in Shanghai Beijing

BREAKS

Negotiable. Usually with penalty

RENEWALS

Negotiable

RENT BASIS

Rent is quoted on a gross floor basis, usually excluding, sometimes including, other occupancy costs

ESCALATION

Rent fixed for leases up to 5 years. Negotiable for longer leases

SECURITY

3 months cash typically, but in Beijing some large occupiers give half of the security as a bank guarantee

FIT-OUT

Tenant pays

TENANT'S BROKER

Landlord pays (for new leases)

RIGHT TO SUBLET

Rare

TRANSPARENCY

Low

GOVERNMENT

Often provides incentives for large occupiers and pressure on landlords

Offices

Beijing +86 10 8588 0888

Chengdu +86 28 8447 0022

Guangzhou +86 20 2883 9200

Hangzhou +86 571 2880 6818

Shanghai +86 21 2401 1200

Shenzhen +86 755 8282 0000

Wuhan +86 27 8555 8277