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Shanghai's Pudong core business district (CBD) is developing rapidly against the city of London and the Manhattan Financial District of New York, and the agglomeration effect of building economy is further emerging, but there is still room for promotion, for example, to attract more large multinational enterprises and modern services, CIGI.TO, the international property services company, said on Wednesday. The enterprise is in.
The report points out that although the future main tenants in Pudong business district are still financial enterprises, the TMT (communications, media and Technology) enterprises will also bring fresh vitality to the Pudong office market. In the future, the good environment and transportation facilities, high building quality and competitive rent levels in the Pudong sub core region will continue to attract the growing TMT enterprises.
The building economy takes business building, functional and regional facilities as the main carrier, and introduces various enterprises in the development and renting buildings, so as to introduce the tax source and promote the development of regional economy. The most intuitive driving effect of the building economy to urban development is the wealth agglomeration effect, while a large number of company headquarters and the supporting modern service industry interact and develop to help improve the city's radiation level and influence.
The report compares the development factors of Shanghai Pudong, London Financial City and New York Manhattan financial district. The three regions have been different in area, rent level and factor market convergence, but there is still a gap between the number of headquarters in Shanghai and the development of modern service industry in Shanghai and Pudong.

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