Worries emerge about oversupply of office space

The construction of 40.8 million square meters of office space will be completed in the next four years across the nation's major 14 cities, fueling worries about oversupply in some second-tier cities, a report said on Thursday.

Between 2013 and 2016, the total stock of quality office space in the 14 major cities will increase 80 percent, or 40.8 million sq m, said a report on China's office property supply published by commercial real estate services firm CBRE.

Although future supply might be less than expected as the projects usually suffer delays during the construction stage, a number of second-tier cities, such as Tianjin, Shenyang and Chongqing, are likely to see supply significantly outpace demand, said Chen Zhongwei, head of research at CBRE China.