In the second quarter, the average occupancy rate of the office portfolio of CMC REIT was 82.1%

CMC REIT released its second-quarter operating data as of June 30, 2025, with an average occupancy rate of 82.1% for the office portfolio and an average occupancy rate of 85.3% for the properties. The leasing market is affected by oversupply, leading to high vacancy rates, and landlords are generally reducing rents in response. The occupancy rate of China Merchants Hanghua Science and Technology Center rebounded from 70% to 92.2%, while the occupancy rate of New Era Plaza dropped from 64.5% to 56.4%. The occupancy rate of Garden City Shopping Center increased from 95.9% to 97.9%. It is expected that the retail industry will enter a consolidation period in the first half of 2025, with intensified competition