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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 30/09/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q3 2024 Highlights

Office: New office supply remained paused in Q3 amid a tentative outlook.

Retail: The retail market sustained positivity with sports and fitness a new growth point in Q3.

Capital Markets: Next report will be available in Q4.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

No new Grade A projects entered in Q3. The outlook remained tentative, with occupier relocations and upgrades in a tenant’s market predominantly supporting leasing demand, led by the TMT, finance and professional services sectors. Overall vacancy dropped to 26.2%. Citywide monthly average rents slipped a further 2.1% q-o-q to RMB172.9 per sq m.
 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

The market sustained momentum in Q3, adding 575,000 sq m of prime mall space, chiefly in emerging submarkets. The general retail sector led new store openings, with sports and fitness brands boosted by renewed consumer interest amid the summer Olympics. F&B operators also expanded. Overall vacancy edged up to 8.5%. The average prime mall monthly rent stood at RMB775.6 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Next Capital Markets report will be available in Q4.
 

RELATED INSIGHTS

Retail Mall
Insights

Main Streets Across the World 2024

Discover Cushman & Wakefield’s annual analysis of the world’s leading retail streets, with a special focus on France and its commercial real estate market.
Christian Dubois • 20/11/2024
Trends Radar 2025, Warsaw, Poland, real estate market
Research • Economy

TRENDS RADAR 2025 Real estate market from stability to optimism

The fundamentals of the Polish real estate market remain strong, even though 2023 has been another year of a range of challenges for each sector. Lower economic activity, still high project financing costs and rent indexation may have caused distress, but towards the end of the year there are early signs of stabilisation.
Ewa Derlatka-Chilewicz • 10/01/2024

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