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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 28/06/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q2 2024 Highlights

Office: New Grade A office supply paused in Q2, with occupiers remaining cautious.

Retail: Demand growth and inbound tourism brought renewed confidence to the retail market in Q2.

Capital Markets: Q2 2024 report available soon..

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

Total Grade A stock was unchanged at 8.3 million sq m in Q2. Occupiers were prudent in the quarter, with relocations and renewals the primary leasing activities, led by the finance, professional services and TMT sectors. Overall vacancy climbed to 27.2%. Landlords offered incentives in a tenant’s market, citywide monthly average rents slipping a further 5.3% in H1 2024 to RMB176.6 per sq m.
 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

No new prime projects entered in Q2. The market sustained momentum in the period, boosted by inbound tourism. The general retail sector led new store openings, notably fashion, 3C and smart appliance brands, with sales indicating consumption upgrading. F&B operators also expanded. Overall vacancy again dropped q-o-q to record 8.4%. The citywide monthly rental level grew 0.7% q-o-q to RMB812.1 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Q2 2024 report available soon.
 

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