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Guangzhou MarketBeat Reports

Xiaoduan Zhang • 29/03/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q1 2024 Highlights

Office: Market sentiment strengthened in Q1, with inquiries and citywide net absorption picking up.

Retail: The market capitalized on the Spring Festival period in Q1, with a revival in visitors and footfall.

Capital Markets: Total transaction volume for the quarter was at RMB5.58 billion, jumping 59.5% q-o-q.

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

CURRENT MARKETBEATS

Office Buildings CBD
Guangzhou Office MarketBeat

New supply of nearly 70,000 sq m in Pazhou submarket in Q1 expanded Grade A stock to 6.6 million sq m. Market sentiment strengthened in the quarter, with inquiries picking up and citywide net absorption reaching 73,087 sq m. Overall vacancy stabilized at 18.4%. The average monthly rental level dropped 2.4% q-o-q to RMB146.1 per sq m.
 

Click here to download the report

Shopping Retail
Guangzhou Retail MarketBeat

The retail market capitalized on the Spring Festival period in Q1, with a revival in visitors and shopper footfall boosting confidence. The F&B sector drove expansion demand in the quarter, with hotpot and tea beverage brands foremost. The overall vacancy rate fell q-o-q to record 8.3%. Citywide monthly average rents slipped 1.0% q-o-q to RMB703.4 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Guangzhou Capital Markets MarketBeat

Guangzhou's capital market recorded seven property transactions in Q1, with investment targets diversifying across office, industrial, retail and mixed-use property assets. Total transaction volume for the quarter was at RMB5.58 billion (US$770 million), jumping 59.5% q-o-q, although down 45.0% on the same period last year. Domestic buyers completed all transactions in Q1, and state-owned enterprise investors continued to dominate the market, taking a 75.4% share of Q1 transaction volume.
 

Click here to download the report

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