Wendy Zhang/ Shanghai Daily news

A growing demand has driven up the sales of small office spaces, despite the overall sluggish real estate market, today's Oriental Morning Post reported.
All the 200 suits of offices at the lower part of the Fortune Time building were sold out after the new office building hit the market on June 10.
"We never expected such good sales," said Yang Pingping, sales supervisor with the office project.
The building, located at the golden place on Shaanxi Road N. near Changshou Road, sells for only from 14,000 to 18,000 yuan (US$1,600-US$2,100) per square meter, nearly the same prices as those of the nearby luxury residential properties.
Such pre-fitted office spaces, with areas from 50 to 200 square meters and total prices from 700,000 yuan to 4 million yuan, and with all-round business services, are proving to be a hit in the market, according to DTZ Debenham Tie Leung.
Rising rents and shortages of office spaces in the city center have encouraged many companies to purchase rather than rent offices, said an industry analyst, adding that government measures also make property investors turn to the office space market.