CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Guangzhou MarketBeat Reports

Xiaoduan Zhang • 28/06/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q2 2024 Highlights

Office: Three new project completions in Pazhou submarket in Q2 expanded tenant options.

Retail: The retail market enjoyed an influx of visitors during the May holiday period, boosting local consumption.

Capital Markets: Capital market activity slowed in the first half of 2024, impacted by multiple factors.

Learn more by clicking our most recent Guangzhou MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Guangzhou Office MarketBeat

Three project completions in Pazhou submarket in Q2 brought 102,884 sq m of prime space to the market. The TMT, professional services and trade & retail sectors led leasing activity in the quarter, with relocations and renewals prevalent. Citywide net absorption reached 102,688 sq m, overall vacancy stabilizing at 18.1%. The average monthly rental level softened a further 2.5% q-o-q to RMB142.5 per sq m.

Click here to download the report

Shopping Retail
Guangzhou Retail MarketBeat

The retail market enjoyed an influx of visitors during the May holiday period, with a revival in business travel further boosting local consumption. Beauty and lifestyle brands led new store openings in the quarter, with the F&B sector also continuing to grow. The prime mall average vacancy rate stabilized at 7.3%. Citywide monthly average rents picked up 0.5% q-o-q to RMB716.4 per sq m. 
 

Click here to download the report

Warehouse Internal Rack
Guangzhou Capital Markets MarketBeat

Guangzhou’s capital market activity slowed in the first half of 2024, impacted by multiple factors including industrial restructuring, leasing market pressure, and uncertainty in asset value trends. The city recorded seven transactions totaling RMB5.6 billion (US$770 million) in 1H 2024, with both the total deal count and investment volume falling back from the 1H period performances of the past three years. Domestic investors continued to dominate the market, with foreign buyers remaining on the sidelines.
 

Click here to download the report

RELATED INSIGHTS

Resurgent Retail_CrdImage.png
Insights

Resurgent Retail

India, the world’s fastest-growing economy, is set to reach USD 5 trillion by 2027, becoming the third largest globally. This growth will bring numerous opportunities, especially in consumption-driven sectors like retail.
19/09/2024
hotel lobby
Insights

Berlin Hotel Market Spotlight

Berlin is at the top of the list of the world's favourite destinations for city breaks, both in Germany and internationally. The hotel landscape is correspondingly lively - increasingly sustainable and with numerous modern, new and individual concepts.
20/08/2024
APAC Sustainability ESG Hub main card
Research • Sustainability / ESG

Asia Pacific Sustainability & ESG Hub

Sustainability has become not only a priority, but a mandate for many companies. As one of the top global real estate services providers, Cushman & Wakefield is leading the way in Asia Pacific to drive responsible business practices in the property industry.
Natalie Craig
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS