April 19, 2023 – China Merchants Commercial REIT (CMC REIT) reported an average occupancy rate of 77.1% as at March 31, 2023, compared with 83.2% a year ago, its manager said in a statement. Passing rent is also down at 161.6 RMB per square meter, compared with 181.1 RMB per square meter a year ago.
