Head of Capital Markets, North China / Managing Director, Shenyang
+86 24 3109 1300
As the capital of Liaoning Province and the largest city and transportation hub in Northeast China, Shenyang plays a key role in the region’s revitalization plan. Known throughout China as the “home of machinery”, the city’s heavy industrial base and its competitive manufacturing capabilities have made it a favoured destination for firms in the industrial sector. However, with the fifth biggest city economy in North China and with a robust infrastructure, Shenyang is also becoming an attractive proposition for companies and investors across all business sectors to establish new ventures.
Shenyang also has one of the country’s greatest concentrations of luxury vendors and retail space, making it the third largest market for luxury goods in China. The city’s position as the premier shopping destination in Northeast China, and the rising incomes of its satellite cities, bodes a strong future for the retail market, particularly on Taiyuan and Zhongjie Street, the city’s most popular shopping area, and in the Golden Corridor area, the emerging luxury shopping district.
A metropolitan population of over 25 million (that is only slightly smaller than the Yangtze and Pearl River Delta regions), a considerable and growing industrial weight, and a location at the hub of the region’s transport network, have combined to help accelerate the city’s economic growth in recent years. Shenyang’s ample business opportunities, competitive property values, and recent investments in infrastructure and the environment have strongly positioned the city to attract more companies, investors and new residents.
JLL Shenyang team has been providing a full range of professional real estate services to users, investors, and developers across all sectors in Shenyang and throughout the Northeast China for several years. We have in-depth market knowledge, excellent local relationships and a strong track record. We are well prepared to serve your commercial real estate needs and create real value for you.