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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 30/09/2022
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 2022 Highlights

Office: Office leasing demand weakened as tenants prioritized costs.

Retail: New energy vehicles are lighting up the retail market.

Capital Markets: The market transaction trend remained cautious in Q3.

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


Office Buildings CBD
Shenzhen Office MarketBeat

Total Grade A stock remained unchanged at 7.13 million sq m in Q3. Recurrence of the pandemic, combined with general economic uncertainties, weakened already cautious leasing demand as tenants pursued cost controls. Net absorption tumbled to -21,000 sq m. Overall vacancy moved up to 22.7%, monthly Grade A rents dropping 0.9% q-o-q to RMB 207.3 per sq m. 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

Retail sales saw a 4.1% y-o-y jump in July, fueled by auto sales. New energy vehicles are commanding retail leasing demand. Despite the challenges for F&B this year, local juice and coffee brands also expanded. Overall vacancy rose to 8.8%. Citywide average rent fell 2.5% y-o-y to RMB 841 per sq m.

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

The Shenzhen market transaction trend remained cautious in Q3, tempered by the uncertain macroeconomic outlook and recurring impacts of the pandemic. However, asset disposals by real estate enterprises were still able to boost transaction volume. The market recorded total volume of RMB13.6 billion in Q3, up 79.6% y-o-y, with the Kaisa Fintech Center deal contributing to about 40% of the total. The year-to-date transaction volume of RMB33.0 billion is up 31.7% y-o-y. 

Click here to download the report


Article • Office

Steel Business Center Discover the history of the traditional enterprise managed by Cushman & Wakefield

Inaugurated in 1995 and acquired in 2017 by Barzel Properties, the Centro Empresarial do Aço – CEA has been managed by Cushman & Wakefield since 1998. The building recently underwent an important retrofit, and continues to promote constant improvements and innovations.

Stela Hirata • 25/11/2022
Main Street 2022
Insights • Retail

Main Streets Across the World


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