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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: Q2 2024 report available soon.

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

Q2 2024 report available soon.

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