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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 31/03/2026
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q1 2026 Highlights

Office: Total Grade A office stock continued to expand in Q1.

Retail: The retail market was boosted by the Spring Festival holiday period.

Capital Markets: Next Capital Markets report will be available in Q2.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

Citywide Grade A office stock again expanded in Q1 to reach 9.28 million sq m. The TMT and professional services sectors led demand in the quarter, taking a 50% share of total leased area, with AI and related enterprises sustaining growth. Quarterly net absorption reached a five-year high. Overall vacancy moved up to 29.8%. Citywide monthly average rents softened to RMB146.4 per sq m. 

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

The market welcomed the Spring Festival period in Q1 with visitor numbers and tourism income generating double-digit growth. F&B brands took a 45.7% share of new store openings in the quarter, with non-local cuisines and specialist beverages expanding. In general retail, IP product categories are popular. The overall vacancy rate stabilized at 9.1%. The average prime mall monthly rent dipped to RMB694.1 per sq m. 
 

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Next Capital Markets report will be available in Q2.

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