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Guangzhou MarketBeat Reports

Xiaoduan Zhang • 30/06/2025
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 2025 Highlights

Office: The office market saw further new supply in Q2, albeit at a slower pace.

Retail: The general retail sector drove retail market leasing demand in the Q2 period.

Capital Markets: Seven transactions were recorded in the market in the 1H 2025 period.

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

CURRENT MARKETBEATS

Office Buildings CBD
Guangzhou Office MarketBeat

A further new project entrant in Q2 brought first-half 2025 new supply to 269,055 sq m, up 55.8% y-o-y. The TMT, professional services, and financial sectors were the mainstays of leasing activity in the quarter, with growth in cross-border e-commerce also boosting demand in related industries. Overall Grade A vacancy rose to 19.8%. The average monthly rental level fell 1.4% q-o-q to RMB123.5 per sq m.

Click here to download the report

Shopping Retail
Guangzhou Retail MarketBeat

Two new mall entrants in Q2 pushed citywide stock past 6 million sq m. The general retail sector was the key demand driver in the quarter, surpassing F&B for store openings, and with the culture and leisure, outdoor, and cosmetics sub-categories to the fore. The IP economy also saw growth. The citywide vacancy rate moved up to 9.2%. Citywide monthly average rents fell 1.6% q-o-q to RMB673 per sq m.

Click here to download the report

Warehouse Internal Rack
Guangzhou Capital Markets MarketBeat

Seven transactions were recorded in the Guangzhou market in the first half of 2025, consistent with last year's numbers in the same period. However, total investment volume reached just RMB3.2 billion (USD445 million), marking a 41.8% y-o-y decline. Ahead, investors will continue to favor high-quality assets in core areas, against a backdrop of declining average rental levels in the Grade A office and prime retail mall markets. Cost-effective assets with value-add potential will continue to win market attention.

Click here to download the report

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