CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Quarter-Hour Quarters — 15-Minute City Living in China

Mandy Qian • 07/11/2023
Cushman & Wakefield today released its annual Think-In report titled  Quarter-Hour Quarters — 15-Minute City Living in China.
 
The urban area in China and its associated design, planning, development and operation, plays and will continue to play a big role in bringing transformational change to address the changing way people live. To understand and realize some of the beneficial living changes that result in sustainably developed urban environs in China, in our report the following topics are considered:
 
  • The 15-Minute City
  • What’s Happening in China
  • Related Policy
  • General Urban Planning
  • Urban Public Space
  • Transit-Oriented Development (TOD)
  • Ecological Solutions
 
The report also focuses on select commercial property sectors and chooses one subject topic for each sector that will also promote/augment a number of livability factors within a 15-minute city urban community.
 
The Hybrid Office
 
Technological advancement and digital change fast-tracked by the COVID-19 pandemic have been major implementers in the acceptance of the hybrid office working model globally and to a certain extent in China. Along with this transformation, 15-minute city related urban planning will also need to adapt.
 
Community Retail
 
A good retail offering is essential to a vibrant community, especially one that is walkable/cyclable. There are a number of ways retail can contribute to the success of 15-minute city communities but one of the most important is community retail.
 
Last-Mile Logistics 
 
On the industrial side, a major component which can impact the success of walkable/cyclable 15-minute cities is the execution of last-mile logistics infrastructure, especially given the expansion of ecommerce in China. 
 
Boutique Neighborhood Hotels 
 
Boutique neighborhood hotels are a fairly new concept but given a greater emphasis on the overall stay experience in walkable/cyclable communities by a cross-section of hotel guests in China, this type of hotel is expected to be increasingly favored for both leisure and business stay accommodation in the future. 
 
Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield said, “To bring about sustainable and beneficial urban development, one concept cities in China can look to further adopt and implement is the 15-minute city concept. The 15-minute city is a fresh concept that promotes urban livability. In a nutshell, the concept requires cities to be planned in such a way whereby citizens of all ages, backgrounds, and abilities in all parts of the urban area are able to gain access to their daily needs, such as lodging, employment, sustenance, health, education, culture and leisure and all be accessible within the distance of a 15-minute walk or bicycle ride.” 
 
Please click here to download the full report.
 
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail, and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com or follow @CushWake on Twitter. 

RELATED NEWS

Asia Pacific Office Fit Out Cost Guide 2024
Office Fit Out Costs Continue to Rise Across Asia Pacific, Albeit at a Much Slower Rate

Average office fit out costs across Asia Pacific continue to rise in 2024, albeit at a much slower rate as compared to a year ago, according to Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2024. While inflation has started to ease in some markets, concerns about the interest rate environment, supply chain issues and geo-political tensions remain prevalent although there is hope for an economic rebound in the second half of 2024
 

Mandy Qian • 30/05/2024

China Social Value Report 2024
Social Value — Bringing Worth to Commercial Real Estate in Greater China

The S in ESG relates to social, and it refers to an organization's ability to satisfy the needs of its stakeholders, and ensuring that social justice, equity, and fundamental human rights are sustained. When considering commercial real estate, social value is when value is produced when commercial buildings and places improve the quality of life of people.
 

Mandy Qian • 22/04/2024

Standard Chartered Bank Appointment 2024
Cushman & Wakefield Appointed by Standard Chartered Bank to Deliver Property Services Across Asia and Global Asset and Transaction Management

Cushman & Wakefield has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11 million sq ft global real estate portfolio.
 

Mandy Qian • 18/04/2024

China Battery Energy Storage System Report 2024
The China Battery Energy Storage System (BESS) Market — New Energy for a New Era

A Battery Energy Storage System (BESS) secures electrical energy from renewable and non-renewable sources and collects and saves it in rechargeable batteries for use at a later date. This report explores how China's renewable energy push over the last few years has stirred the country's domestic energy storage market.
 

Mandy Qian • 11/04/2024

Hong Kong Office Retail Residential Market Report Q1 2024
Hong Kong Government’s Removal of All Property Cooling Measures Supported Residential Sales Rebound and Price Recovery in March

Following the Hong Kong Government's lifting of all demand-side management measures for residential properties, the market responded positively, with primary and secondary residential transactions strengthening and home prices picking up from March onwards. Office sector overall net absorption in Q1 remained positive. Visitor spending continued to support a recovery in the retail market.
 

Rosanna Tang • 10/04/2024

China Top Office Supply and Demand Trends Report 2024
New Completions to Continue to Feature in 2024 — Greater China Top Office Supply Demand Trends

Total Grade A office inventory in the core markets of the 21 major Greater China cities tracked in the Greater China Top Office Supply Demand Trends report totaled 68.2 million sq m at the end of Q4 2023. Total premium core city office net absorption across the Greater China market for the whole year was 1.6 million sq m, an increase on the figure registered in 2022.
 

Mandy Qian • 28/03/2024

MSCI RCA Data Ranking China Full Year 2023
Cushman & Wakefield Ranked No. 1 Real Estate Investment Brokerage Firm in Mainland China for 2023 by MSCI

MSCI have ranked Cushman & Wakefield as the No. 1 real estate investment brokerage firm in mainland China in their Global Broker Rankings 2023 report. According to MSCI, Cushman & Wakefield represented 49% of all-sector real asset investment brokerage transactions in mainland China in 2023. In addition, the firm represented 75% and 72% of investment brokerage transactions for office and retail properties in mainland China, respectively.
 

Mandy Qian • 12/03/2024

China Data Centers Report 2024
Data Centers in Greater China — Three Points to Process in 2024

As investors, developers and operators continue to involve themselves in the data center market in the region, there are many themes, topics, and issues to consider. This report looks at three key points to consider for the overall data center market in Greater China: the market, government policy, and asset management.
 

Mandy Qian • 29/02/2024

Hong Kong GBA Market Report Year End 2023
Investment Sentiment in Greater Bay Area Picked Up in 2H 2023 as Housing Control Measures Gradually Relaxed

Although the GBA’s residential and investment markets were yet to see a significant rebound following China’s full border reopening, housing market sentiment stabilized in 2H 2023 as China’s central and local governments gradually relaxed residential market control measures. The CRE investment market (large-sized deals at >RMB 100 million) also saw mainland capital and state-owned enterprises more active in reviewing their strategies and seeking investment opportunities.
 

Rosanna Tang • 18/01/2024

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS