Despite keen competition in the industry, NAI Global, a US-based broker of commercial properties broker, has decided to extend its presence into Shanghai through a team-up with Shanghai-based agent Sofia Group.
NAI Global recently announced Sofia Group Shanghai as its new member to expand brokerage business in the financial hub of China.
With over 24 million inhabitants, Shanghai is among the world’s most rapidly developing megacities, according to Jay Olshonsky, President of NAI Global.
They are looking at the city’s booming economy as the city has driven rates for quality commercial real estate to levels comparable to those of leading global markets, with more and more Fortune 500 firms choosing Shanghai as their Asia-Pacific headquarters, according to NAI Global.
“Our niche is the power of the independently owned and operated commercial real estate brokerage firms who are leaders in their local markets,” said Olshonsky.
He said the company selected Sofia Group Shanghai, now known as NAI Sofia Group Shanghai, to represent the company in the city because of the team’s deep local market knowledge, track record of conducting business with the highest level of professionalism and ability to drive business.