HONG KONG,CHINA - Media OutReach - 3January 2019 - Cushman &Wakefield (NYSE: CWK), a leading global real estate services firm, today released the report 2018 Greater China Top Office Demand Trends. The eight key city markets covered inthis report saw strong demand for office space throughout the past 12 months.In every one of these significant city-level Grade A office markets, theOctober 2017 to September 2018 time period saw office absorption notably riseon a year-on-year (y-o-y) basis.

Provisionalon market level supply/demand dynamics in our eight tracked key cities(together with the location and quality of newly completed supply), a diversepicture will persist. As witnessed during the preceding year, vacancy willlikely fall in some cities, but could rise in others. An analogous pictureshould transpire for city-level rental rates.

Ahead into 2019,and exclusively focusing on the demand dynamic, we anticipate office absorptionto continue to remain solid.

Beijing

Three of themain sectors -- Professional Services, Finance and Technology, Media &Telecommunications (TMT) -- are expected to have continued strong demand in 2019.This is especially the case for technology companies as the city is beingpositioned as a National Technological Innovation Centre;

Shenzhen

Hugelybenefitting from the Greater Bay Area development framework and other favorableinitiatives, Shenzhen is expected to see increasing demand for Grade A officespace, which will mainly stem from the Finance and TMT sectors;

Shanghai

Thetightening lending policy environment will promote some conservative thinkingwithin the Finance sector. But this will be balanced out by industry reforms,which will promote new business opportunities, which in turn will produceappetite for office expansions from benefitting companies. Meanwhile, theProfessional Services and TMT sectors will likely continue to see generalbusiness growth. Lastly, Shanghai remains one of the cities much sought afterby co-working operators for market share. Having said this, we could also seesome further market consolidation among the co-working operators for the yearahead;

Guangzhou

Due to aseries of favorable policies and initiatives, Guangzhou should continue torealize strong leasing demand from the Finance and TMT sectors, as well as fromboth international and domestic co-working operators;

Chengdu

Under atightened policy environment, the office demand in 2019 is expected to comefrom the Professional Services and TMT sectors. Co-working operators areexpected to lessen the rate of expansion after aggressive center growth in thepast few months;

Hong Kong

Decentralizationis a major trend for MNC leasing activity due to tight availability and highrentals in core areas, while co-working operators are actively taking up moreGrade A office space in core areas in their chase to gain market share. Lookingforward, we expect the same office space demand trends which have touched thecity over the past 12 months to continue to impact Hong Kong for the yearahead;

Wuhan

Recently,there has been active leasing activity by companies using Wuhan as a base fortheir central China regional headquarters. The TMT sector is set to continueanother period of strong demand for core and suburban office space in Wuhanover the course of next year;

Taipei

Relocationand office consolidation by professional services companies, along withinnovative technology companies in the TMT sector, are expected to be majordemand trends for the Grade A office market during the upcoming year.

Ms Vicky Shen, Senior Director, Headof Office Agency, China, Cushman & Wakefield, said, "From a landlord'sperspective, in a number of markets, the tight availability and subsequentrental rises have been welcomed. However, even within these markets, there arestill plenty of leasing opportunities for occupiers, especially insub-districts with a lot of recent new supply."

Mr Jonathan Wei, Managing Director,Head of Occupier Services, China, Cushman & Wakefield,said, "In China, our tech sector clients have seen significantheadcount growth over the last few years. We don't see this trend letting up,particularly for those successful unicorn companies."

Mr Shaun Brodie, Senior Director, Head of Occupier Research in GreaterChina, Cushman & Wakefield said, "In the future in the Greater China region, we expectusers to increasingly view co-working not just as a space solution, but also asan overall product, which takes into consideration space, design, amenities,technology, the community network and services."

Please clickhere to view the full version report.

About Cushman & Wakefield

Cushman &Wakefield (NYSE: CWK) is a leading global real estate services firm thatdelivers exceptional value for real estate occupiers and owners. Cushman &Wakefield is among the largest real estate services firms with 48,000 employeesin approximately 400 offices and 70 countries. Across Greater China, there are20 offices servicing the local market. The company won four of the top awardsin the Euromoney Survey 2017 & 2018 in the categories of Overall, AgencyLetting/Sales, Valuation and Research in China. In 2017, the firm had revenueof $6.9 billion across core services of property, facilities and projectmanagement, leasing, capital markets, advisory and other services. To learn more,visit www.cushmanwakefield.com.hk or follow us onLinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)