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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 31/12/2024
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: New office supply resumed in Q4 in a continuing tenants’ market.

Retail: Retail market activity was supported by trade-in programs in the quarter.

Capital Markets: Next report will be available soon.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

A further 119,000 sq m of new supply entered the Grade A office market in Q4, expanding citywide stock to 8.37 million sq m. The market remains tenant-favorable, with leasing demand dominated by renewals and relocations, led by the finance, TMT, and professional services sectors. Overall vacancy rose to 26.6%. Citywide monthly average rents retreated a further 2.2% q-o-q to RMB169.1 per sq m.
 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

New supply paused in Q4, with prime mall stock at 7.2 million sq m. Trade-in programs helped spur renewed consumer demand in the period, with the general retail and F&B sectors leading new store openings. Strengthened occupancy at newer projects saw overall vacancy fall to 8.0%. The average prime mall monthly rent stood at RMB780.2 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Next Capital Markets report will be available soon.
 

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