CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Shenzhen MarketBeat Reports

Xiaoduan Zhang • 28/06/2024
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 2024 Highlights

Office: New Grade A office supply paused in Q2, with occupiers remaining cautious.

Retail: Demand growth and inbound tourism brought renewed confidence to the retail market in Q2.

Capital Markets: Office and residential property transactions in the Shenzhen investment market continued to slow in Q2.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

Total Grade A stock was unchanged at 8.3 million sq m in Q2. Occupiers were prudent in the quarter, with relocations and renewals the primary leasing activities, led by the finance, professional services and TMT sectors. Overall vacancy climbed to 27.2%. Landlords offered incentives in a tenant’s market, citywide monthly average rents slipping a further 5.3% in H1 2024 to RMB176.6 per sq m.
 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

No new prime projects entered in Q2. The market sustained momentum in the period, boosted by inbound tourism. The general retail sector led new store openings, notably fashion, 3C and smart appliance brands, with sales indicating consumption upgrading. F&B operators also expanded. Overall vacancy again dropped q-o-q to record 8.4%. The citywide monthly rental level grew 0.7% q-o-q to RMB812.1 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Office and residential property transactions in the Shenzhen investment market have slowed recently due to declining asset prices. The market continued the downturn in Q2, with investment volume reaching just RMB2.78 billion (US$380 million) for the quarter, down 61.6% y-o-y, and RMB5.66 billion (US$780 million) for the 1H 2024 period, down 70% y-o-y and the weakest 1H performance since 2016. The office sector remained the mainstay of transactions in 1H, with all deals for owner-occupation.
 

Click here to download the report

RELATED INSIGHTS

how-to-guide-series
Research • Sustainability / ESG

Sustainability How To Guides

A Practical Sustainability Series
Jessica Francisco • 13/09/2024
CRE Glidepath Web Page Mobile Banner.jpg
Research • Investment / Capital Markets

Australian CRE Glide Path Report

This report gives an update on recent pricing trends in the Commercial Real Estate market and how this is set to evolve.
12/09/2024
MF_Demand_webcard.jpg
Research

Unpacking Multifamily Supply Risks and Demand Booms

Over the past year, demand for apartments has surged while construction levels wane, prompting an analysis of the impacts on the multifamily market generally.  
Sam Tenenbaum • 11/09/2024
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS