Shanghai turns industrial parks into innovation high-ground

As Shanghai is building itself into an innovation center with global influence, industrial parks are seeing more opportunities as an important sector to attract and hold industrial corporations, a recent report said.

"Shanghai's industrial park market has played a major role in promoting the city's innovative development as it gathers together many high-quality industries. The structural transformation of economic development is driving high-tech industries to grow more rapidly, which increases the importance of industrial parks in attracting high-tech and scientific innovation businesses to settle," said Yao Yao, head of research for JLL China.

A white paper was released on Tuesday by global real estate advisor JLL in a bid to understand the needs of industrial park tenants, study the sector's short-term supply pressure and long-term industrial development, and discuss the trends and opportunities of the industrial park market in the future.