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Shanghai MarketBeat Reports

Shaun Brodie • 30/12/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q4 2025 Highlights

Office: The market saw further incoming supply in Q4, with overall office net absorption again strengthening.

Retail: Three new project entrants in Q4 were accompanied by continued leasing demand from multiple retail sectors.

Capital Markets: For the full-year 2025, 75 investment deals were recorded with a total transaction value of RMB42.4 billion.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shanghai Office MarketBeat

The Crystal Bridge, Parcel R Alibaba, and Westbund Central B3 projects entered in Q4, adding 176,300 sq m of quality space. The professional services sector took 26.6% of leased area in the quarter, driven by law firm relocations and flexible workspace expansions. Citywide quarterly net absorption strengthened q-o-q to reach 123,149 sq m, overall vacancy standing at 23.4%. The overall average monthly rental level dropped further to RMB201.4 per sq m.  

Click here to download the report

Shopping Retail
Shanghai Retail MarketBeat

Three new project entrants in Q4 added 300,000 sq m of space to the market. Demand for high-quality retail areas continued in the quarter, with sectors including fashion, F&B, gold jewelry, sports, lifestyle and entertainment all active. Overall vacancy fell q-o-q to record 9.23%. Average mid- to high-end mall monthly rents softened 1.02% q-o-q to RMB713.01 per sq m.

Click here to download the report

Warehouse Internal Rack
Shanghai Capital Markets MarketBeat

For the full-year 2025, 75 investment deals were recorded with a total transaction value of RMB42.4 billion, representing a 40% year-on-year decline. Average deal size fell sharply as institutional investors remained cautious. Low interest rates continue to give leading domestic investors a financing advantage, supporting demand for high-quality, income-producing assets. In 2026, stable-return assets at less than RMB300 million, offering clear title and flexible decision-making, are expected to remain the bulk-market mainstream.
 

Click here to download the report

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