This report focuses on a 10-question questionnaire survey we recently conducted on real estate practitioners working for life sciences enterprises on the Chinese mainland.
The questions centered on their perspectives and the answers provide the reader with the latest thinking these same real estate practitioners have on the market conditions and have on their current and future real estate strategy to attain business-related success within the Chinese mainland region.
Business Growth
- At 58.9% and 35.3% exactly, according to our survey of our life sciences enterprise clients doing business on the Chinese mainland, noticeably more life sciences enterprises view the business market as one of growth over the next five years than those that don’t.
- The tailwinds to business growth on the Chinese mainland are many and include policy, market size, general industry growth, positive population demographic dynamics, and the amount and level of innovation occurring.
Real Estate Expansion
- At 52.9% of the vote, most of our survey respondents expect further footprint expansion of their enterprise’s real estate portfolio on the Chinese mainland.
- Making the right choice in terms of the nature and size of an enterprise’s real estate portfolio can often make or break the business.
- Good choices are often derived from sound strategic study and analysis.
Location, Cost and Quality
- Building location, at 64.7%, was selected by our survey respondents as the most important criteria to consider when occupying/looking to occupy a real estate facility on the Chinese mainland.
- In second and joint third spots in our survey were leasing cost and building quality and property/facilities management services quality, at 58.8% and 29.4%, respectively.
Sustainability
- At 64.7%, the majority of our survey respondents suggested green certified real estate space on the Chinese mainland is an important criteria for their real estate portfolio to have in place in the region.
- Life sciences enterprises doing business on the Chinese mainland are now very much aware of the concept of environmental, social, and governance (ESG) and many now have their own ESG reporting goals to achieve.
