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Shenzhen 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: New supply into the market in Q1 continued to exert greater pressure on overall rents.

Retail: The F&B sector continued to lead expansion demand in the quarter.

Capital Market: Q1 2024 report available soon.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

A further 162,000 sq m of new Grade A office space entered the market in Q1. Weaker new demand and diverging submarket performance saw citywide net absorption reach just 45,344 sq m, down 39.3% y-o-y. Overall vacancy climbed to 27%. Landlords are adopting aggressive strategies in a tenant-favorable environment, citywide monthly average rents falling a further 9.3% y-o-y to RMB181.79 per sq m.
 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

No new prime projects entered in Q1. The market maintained positive momentum in the quarter, boosted by the Spring Festival period. The F&B sector continued to be a key driver of expansion, with first stores a highlight. Supported by strong occupancy at prime malls, the overall vacancy rate fell slightly q-o-q to 8.7%. The citywide monthly rental level climbed to RMB806.4 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

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Dublin MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Tom McCabe • 25/04/2024
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Energy Transmission is a Real Estate Issue

This article focuses on the need to invest in electricity transmission infrastructure (the “grid”) before we can build more generation capacity. 
Barton DeLacy • 24/04/2024
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