Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Shanghai MarketBeat Reports

Shaun Brodie • 28/03/2024
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: Two new office projects entered in Q1, with suburban market absorption strengthening in the quarter.

Retail: New supply continued to enter the retail market in Q1, with demand for prime retail space continuing to pick up.

Capital Markets: Total Q1 transaction volume reached RMB10.4 billion.

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


Office Buildings CBD
Shanghai Office MarketBeat

The Xuhui Vanke Centre III T3 and the Yifeng Center both entered in Q1, bringing 108,700 sq m of new Grade A space. Suburban market absorption rebounded to record 90,973 sq m, although weaker core area performance saw net absorption dip into negative territory. Core area vacancy moved up slightly q-o-q to 15.77%. The core average monthly rental level slipped further to RMB277.8 per sq m. 

Click here to download the report

Shopping Retail
Shanghai Retail MarketBeat

Aegean Cultural Plaza in Lingang Harbour City entered the retail market in Q1 with 30,000 sq m of new space. Activity continued to pick up in the quarter, with the F&B, lifestyle, and entertainment sectors the primary demand generators. Citywide prime mall vacancy dropped to 9.4%, the lowest since 2022. Core area prime rents grew 0.34% y-o-y to RMB1889 per sq m.  

Click here to download the report

Warehouse Internal Rack
Shanghai Capital Markets MarketBeat

The Shanghai capital market recorded 16 transactions in Q1, with total transaction volume reaching RMB10.4 billion (US$1.4 billion), down 28% y-o-y. The investment-oriented office market remained sluggish, impacted by office supply volume, lower absorption, and weakened expectations. Meanwhile, foreign investors continued to wait on the sidelines against the backdrop of high U.S. dollar interest rates and concerns that the Federal Reserve may delay in cutting rates. Most sellers in the Q1 period were domestic developers looking to ease capital pressures through asset sales. 

Click here to download the report


Conversations - Latest Office Trends web card
Article • Workplace

The Latest Office Trends: Insights From Industry Experts

The landscape of office trends is evolving rapidly, driven by a combination of market forces and shifting priorities among both landlords and tenants. In today’s discussion, industry experts Ronan Corbett, Head of Offices and Aisling Tannam, Director, Offices shed light on the changes observed in the past six months.
Ronan Corbett • 23/05/2024
Article • Construction

Logistics warehouse risk management and operational safety

Modern logistics warehouses can assist in risk management to ensure the safety of operations, minimizing potential risks and ensuring the continuity of operations.

Eric Ammirati • 23/05/2024
AU Economic Budget Update banner
Insights • Economy

Economic Budget Update

In announcing the 2024/25 Budget, the Federal government is attempting to provide some cost-of-living relief for households while maintaining a path of disinflation.
Sean Ellison • 15/05/2024
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.
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