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Shanghai MarketBeat Reports

Shaun Brodie • 30/12/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q4 2024 Highlights

Office: Overall office market rents continued to soften in Q4.

Retail: Demand for quality retail space sustained in the quarter.

Capital Markets: Next report will be available soon.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shanghai Office MarketBeat

The CPIC Xintiandi Commercial Center T1, New Bund Central Plaza, and Life Hub @ Bund Central Grade A projects entered the market in Q4, bringing full-year 2024 new supply to 786,258 sq m. The professional services sector led leasing demand in the quarter. Citywide quarterly net absorption recorded 150,421 sq m, overall vacancy edging up to 22.4%. The overall average monthly rental level softened to RMB223.3 per sq m.

Click here to download the report

Shopping Retail
Shanghai Retail MarketBeat

Twelve quality new retail projects entered in Q4, taking citywide mall stock to 24.69 million sq m. Quality space leasing demand sustained in the quarter, with sports, lifestyle, and F&B sectors leading new store openings. Overall vacancy stabilized at 9.51%. Average mid- to high-end mall rents dropped a further 2.23% q-o-q to record RMB733.65 per sq m per month.
 

Click here to download the report

Warehouse Internal Rack
Shanghai Capital Markets MarketBeat

Next Capital Markets report will be available soon.
 

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