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With much being made of skyrocketing residential real estate prices in Shanghai, commercial property has received relatively scant attention. Conversation surrounding real estate has largely centered on the prospects of a burst in the housing bubble and preventative efforts taken by the government. Measures undertaken by the People’s Bank of China, such as increased reserve requirements and restrictions placed on second mortgages, have had relatively propitious effects and housing speculation has been attenuated. However, these measures have largely been limited to the residential market, with commercial prices continuing to increase and engendering fear of a commercial real estate bubble.

Shanghai’s office rental prices skyrocketed in 2010,