With headquarters now comprising over 30% of Shenzhen's Grade A office stock, we examine the current challenges and potential solutions.
Guide
03 March 2025
How corporate headquarters reshape Shenzhen’s office market
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Source: JLL South China Research
Headquarters fulfil enterprises’ diverse needs and support the overall office demand.
Initially, demand for headquarters in Shenzhen stemmed from the operational needs of large state-owned enterprises (SOEs). Subsequently, driven by technological innovations and business growth, leading enterprises across various sectors have also expressed their needs for headquarters.
Figure 2: Three stages of office needs during business expansion
Source: JLL South China Research