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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 31/12/2025
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: Total Grade A office stock continued to expand in Q4.

Retail: The retail market welcomed the city’s largest MIXC One series project in Q4.

Capital Markets: Full-year 2025 investment volume reached RMB29.53 billion.

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

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

Citywide Grade A office stock expanded past 9 million sq m at the end of Q4. The TMT sector dominated new leasing activity through 2025, with AI and related enterprises growing strongly. Net absorption for Q4 climbed to 104,000 sq m, although overall vacancy moved up q-o-q to 29.4%. Citywide monthly average rents dropped q-o-q to RMB149.4 per sq m.

Click here to download the report

Shopping Retail
Shenzhen Retail MarketBeat

Shenzhen’s Huaide MIXC One TOD project entered in Q4 with 180,000 sq m of high-quality mixed-use space. General retail took a 49.3% share of new store openings for the full-year 2025, with growth from creative stationery and supplies brands, to surpass F&B openings. The overall vacancy rate rose to 9.1% at the end of Q4. The average prime mall monthly rent dropped q-o-q and y-o-y to RMB697.1 per sq m.

Click here to download the report

Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

Shenzhen capital market activity continued to strengthen in 2H 2025, with transaction volume of RMB17.79 billion taking full-year 2025 volume to RMB29.53 billion, climbing 23.9% y-o-y. Financial institutions, particularly insurance firms, are showing heightened interest in large centrally located commercial properties with clear title deeds and regulatory compliance, as well as long-term rental apartments in prime locations.
 

Click here to download the report

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