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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 28/09/2023
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: An additional 172,650 sq m of Grade A office space entered in Q3.

Retail: The Luohu KK Time mall opened in Q3, expanding total prime retail stock to 6.5 million sq m.

Capital Markets: 

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

An additional 172,650 sq m of Grade A space in Q3 brought citywide stock to 7.87 million sq m. Net absorption reached 120,576 sq m, with stable demand from finance and professional services sectors. Overall vacancy was almost unchanged q-o-q at 24.6%. With landlords facing pressures, monthly Grade A rents retreated a further 3.1% q-o-q to RMB191.4 per sq m. 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

The Luohu KK Time mall opened in Q3, expanding total prime retail stock to 6.5 million sq m. The new entrant capitalizes on a sustained rise in consumer gold purchases. The casual F&B sector also continued expansion. The citywide monthly average rental level fell back 0.2% q-o-q to RMB807.4 per sq m, overall vacancy again edging down q-o-q to 8.9%.
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Q3 2023 report available soon.
 

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