China's high-tech companies have made their mark on the nation's economy. Now, with growing cash and investment at their disposal, they are beginning to have an impact on its skylines.

Many of China's technology giants got their starts in cheap, half-empty office space often near the country's tech malls—windowless, multilevel shopping areas that sell everything from pirated phones to mother boards.

On the surface, not much has changed. The landscape of Beijing's northwestern Zhongguancun district, the center for the decadelong boom in Chinese Internet companies, still is dotted with many of those malls alongside fast-food restaurants and a mix of old and new office buildings.

But rents there are rising and vacancies are below Beijing's city average. The result, real-estate consultants say, is that flush Chinese companies looking to build new headquarters are moving increasingly far afield, north and south of the core Zhongguancun area.

Sina Corp. SINA +3.50% , which currently runs its primary operations out of a building in central Zhongguancun, plans to build a new headquarters that could cost as much as $180 million in a tech park in Shangdi, more than seven kilometers (4.3 miles) north of central Zhongguancun, according to filings and the website of the technology park where it will be built. Search provider Baidu Inc. BIDU +1.24% plans to opens offices in the same park.

The same phenomenon is beginning to take place in other cities in China, where new tech districts are sprouting up around universities, pushing up rents as developers and tech companies spend on stylish new homes.

In the southern city of Shenzhen, social-media and gaming giant Tencent Holdings Ltd.TCEHY +0.33% is building a new 270,000 square-meter (886,000 square-foot) office space. With two towers connected by two large skybridges, the office is designed to be a "vertical campus," according to NBBJ, the architecture firm that designed the complex.

"Tencent has global aspirations…so they were interested in something very unique," said Scott Wyatt, a managing partner at NBBJ. "They wanted something unlike anyone had seen."

Tencent declined to comment.

The new buildings, the tallest of which will stand 250 meters, are scheduled to be completed in 2016 and feature generous amounts of public space designed to foster communication between employees. They will sit adjacent to Shenzhen University.

The cost of doing business in Zhongguancun has soared. Five years ago, offices there rented for 167 yuan per square meter a month, according to real-estate research firm Colliers International. They now rent for 241 yuan per square meter a month, a 44% increase. By comparison, overall office space in Beijing rose 64% over the same period, Colliers said.

Sale prices of office units in Zhongguancun are catching up to Beijing. Five years ago, Zhongguancun offices sold for 16,800 yuan per square meter, only about two-thirds of the then-city average of about 27,100 yuan per square meter, said Colliers. Now offices are sold at 43,400 yuan per square meter, or three-quarters of the 57,600 yuan-per-square-meter average in the city.

Vacancies in Zhongguancun are below 2% for office space, compared with the 3% average in Beijing, according to real-estate investment company Jones Lang LaSalle.

As a result, many of Beijing's largest tech companies are looking further north, where land prices and rents are cheaper.

Another budding tech hub is Shanghai, where property developer Shui On Land0272.HK +1.74% in 2005 started work on a large-scale, commercial and residential project in Yangpu district specifically for technology companies and startups.

Today the development, called Knowledge and Innovation Center, is home to more than 400 startups, as well as larger firms such Oracle Corp. ORCL +1.01% and International Business Machines Corp. IBM +1.99% KIC, which covers a site area of 800,000 square meters, includes a sports complex and is located near top schools such as Fudan University and Tongji University, making recruitment and collaboration with academia easier.

"One stretch called Daxue Lu, or University Avenue, looks similar to Westwood village near UCLA," said Yu Sern Hong, China regional manager at Hollywood-based architecture firm 5+design, referring to the University of California, Los Angeles. The architecture firm doesn't have a role in the project. "It definitely has a vibe that appeals to young professionals."

Shui On Land has a tiered office-leasing structure in KIC—it charges startups as little as 700 yuan a month for a table in shared space, while charging bigger firms four yuan per square meter a day ($22 per square foot a year). In contrast, offices in Shanghai's Lujiazui Financial District rent for as much as about 16 yuan per square meter a day.

Yan Yan, a 30-year-old entrepreneur who started a website for amateur dancers, moved into KIC in March. He said he pays around 5,600 yuan in rent a month for space for eight tables for his firm of eight people. "I don't have to bother about utilities, Internet or hire a receptionist. Just focus on my work," he said.

KIC is a joint venture of the Hong Kong-listed property developer and the local Yangpu district government, which has been supporting the development of a technology corridor in its district in recent years.

Nearby, other local and foreign developers also have poured money into the construction of shopping malls, residential and office projects, creating buzz in the area that was once a military airfield. Just minutes away from KIC, New York-based Tishman Speyer is building The Springs, a large mixed-use project just minutes away that will be home to Nike Inc.'s China headquarters in 2014, according to Nike and Tishman Speyer.

每日英语:Booming Tech Sector Redraws the Map的更多相关文章

  1. 每日英语:Tech Firms Flock to Vietnam

    Opening up a Korean restaurant among the rice fields and limestone karsts north of Hanoi might seem ...

  2. 每日英语:Who Needs to Know How to Code

    Like many 10-year-olds, Nick Wald takes private lessons. His once-a-week tutor isn't helping him wit ...

  3. 每日英语:Patent Wars Erupt Again in Tech Sector

    The long-running patent war among the technology industry's heavyweights just grew a whole lot bigge ...

  4. 每日英语:What You Like Best: Shopping, Food and Tech

    In a year that featured one of history's biggest corporate buyouts, a stock-market surge reminiscent ...

  5. 每日英语:The Most Destructive, Unpredictable Force in Tech

    What's the most destructive force in the tech world, the thing that has nearly killed BlackBerry, pu ...

  6. 每日英语:A New Way to Learn Chinese

    Entrepreneur and author ShaoLan Hsueh thinks that English-speakers can start learning to read Chines ...

  7. 每日英语:These Gadgets Aim To Put Some Teeth Into The Internet Of Things

    What the world needs now is a Web-enabled toothbrush. That part is clear to several oral-hygiene com ...

  8. 每日英语:Six Ways to Modernize Your Car

    AS AUTO MAKERS ADD far-out features to the latest cars at warp speed--everything from futuristic hea ...

  9. 每日英语:Missing at Mobile World Congress: Innovation

    The hottest showcase for new technology at this year's Mobile World Congress wasn't in the event's c ...

随机推荐

  1. Javascript + Dom知识点总结

    Javascript + Dom知识点总结 1.用Javascript声明数组和字典的方式 // 数组声明 var arr = new Array(); arr["0"] = &q ...

  2. ios中图层和view的关系

    -(void)viewMethod{ //1: 要明白uiview内部是这样实现 CALayer *layer1= [CALayer layer]; layer.delegate=self; [lay ...

  3. ubuntu中查看各种设备和资源的命令汇总

    一.系统信息     1.查看内核信息:                                           $uname -a     2.查看操作系统版本:             ...

  4. idea上activiti插件的安装及使用

    最近做的东西需要用到activiti,做个笔记 首先下载activti插件- actiBPM File - settings-plugins-Browse-Repositories 搜索 actiBP ...

  5. Linux下安装LAMP(Apache+PHP+MySql)和禅道

    1.更新yum源: yum update -y 2.安装Apache+PHP+MySql yum install httpd mysql-devel mysql-server mysql-php ph ...

  6. php性能分析工具xhprof

    安装方法: wget http://pecl.php.net/get/xhprof-0.9.x.tgz cp xhprof-0.9.x.tgz /home/www/xhprof.tgz tar zxv ...

  7. MySQL 错误1418

    创建function的时候报如下错误: Error Code : This function has none of DETERMINISTIC, NO SQL, or READS SQL DATA ...

  8. Android基础之——CountDownTimer类,轻松实现倒计时功能

    在发现这个类之前,一直是用的handler,子线程发消息,UI线程进行倒计时的显示工作.前几天在做一个倒计时显示的时候发现了这个类,用起来非常方便 翻看了下源代码.内部已经帮我们实现了handler的 ...

  9. 【SDOI2014】【BZOJ3529】数表

    Description 有一张N×m的数表,其第i行第j列(1 < =i < =礼.1 < =j < =m)的数值为 能同一时候整除i和j的全部自然数之和.给定a,计算数表中不 ...

  10. 压缩跟踪(CT)代码具体学习_模块1(样本的採集和扩充)

    本章主要具体解释的是compressive tracking框架中的第一部分:样本的採集和扩充部分. 在開始代码学习的前面,你须要知道的理论知识參见论文:Real-time Compressive T ...