Office rents on the rise in China first-tier cities

Office rents in most of China's first-tier cities will likely see moderate growth in 2013, with increasing leasing activity in emerging markets rather than in central locations, consulting firm Cushman &carnal vixens. Wakefield said in a report on Monday.

Meanwhile, office markets in second-tier cities will likely continue to see capital flowing away from residential developments to commercial projects, which will contribute to oversupply in the commercial market, the report said.