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Shanghai MarketBeat Reports

Shaun Brodie • 27/09/2023
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 2023 Highlights

Office: Four new project completions in Q3 added more than 336,000 sq m of prime office space.

Retail: Five new projects, all in non-core areas, launched in Q3 to add more than 310,000 sq m of quality retail space.

Capital Markets: The capital market growth rate slowed in Q3 with a cautious wait-and-see sentiment intensifying.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shanghai Office MarketBeat

Four new project completions in Q3 added 336,088 sq m of prime space, taking total Grade A stock past 16 million sq m. Demand sustained in the quarter, with noted suburban market activity driving overall net absorption growth. Core submarket vacancy rose modestly to 13.8%, with the core average monthly rental level dropping to RMB282.3 per sq m.

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Shopping Retail
Shanghai Retail MarketBeat

Five new projects, all in non-core areas, launched in Q3 with a combined 310,307 sq m of prime space. Continuing retail sales growth supported confidence, with expansion demand from fashion, F&B, lifestyle, entertainment and boutique supermarket sectors. Citywide prime mall vacancy fell to 9.3%, with core area prime rents falling back modestly q-o-q to RMB1881 per sq m.
 

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Warehouse Internal Rack
Shanghai Capital Markets MarketBeat

The Shanghai capital market growth rate slowed in Q3 with a cautious wait-and-see sentiment intensifying. The quarter recorded 21 transactions, with total transaction volume at RMB16.2 billion (US$2.2 billion), a drop of 33% q-o-q and 33.6% y-o-y. Total transaction volume for the first three quarters of 2023 is now lower than in the same period in both 2021 and 2022. Residential apartment transactions ranked first in the market, with transaction volume of RMB5.6 billion (US$800 million) recorded, accounting for 34.9% of total transaction volume. 
 

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RELATED INSIGHTS

Trends Radar 2023 Poland
Insights • Economy

Trends Radar: real estate sector waiting for stabilisation

Upward pressure on rental rates and rising construction costs on the one hand and a growing focus on ESG and repositioning of commercial buildings on the other. Faced with the current pace of change in the real estate market, many investors are looking at 2023 with a degree of uncertainty. Are there any reasons to be fearful? And how will the economic slowdown shape trends and sentiments in each real estate sector in the short term? 
Ewa Derlatka-Chilewicz • 27/11/2023
main streets across the world 2023
Research

Main Streets Across the World 2023

In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
21/11/2023
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