To decode occupiers’ site selection strategies amid evolving economic conditions, JLL conducted a Shanghai Office Tenant Survey, gathering nearly 100 responses.
Insight
JLL 2025 Shanghai Office Market Whitepaper
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In an era marked by global economic volatility and rapid technological strides, Shanghai, as the pioneer city of China’s economic growth, has witnessed and experienced the evolution and transformation of its office market. The turbulent external environment and the imbalance between demand and supply in Shanghai office market has become increasingly prominent recently. Despite these challenges, the market has continually pursued breakthroughs through its inherent dynamic movements.
JLL grandly publishes 2025 Shanghai Office Market Whitepaper.
Amidst a complex economic environment, Shanghai office market is undergoing a structural recalibration. Relocation demand, driven by cost considerations, has become a key demand factor, steadily reshaping market patterns. However, the demand structure in the leasing market remains stable, with emerging sectors evolving from traditional industries gaining prominence.
Diffusion of New Engines in Shanghai Office Market (2024)
This whitepaper has compiled nearly 1,000 relocation leases since 2019 and approximately 1,200 new leasing transactions in Shanghai Grade A office market from 2022 to 2024 for an in-depth analysis. Based on tenant leasing activities, we incorporated a dynamic perspective to unveil the industry agglomeration and diversity in office submarkets. Meanwhile, we have taken several factors into consideration, including changes in office supply, retail scale and infrastructure development, to shed light on the reshaping of Shanghai office submarket landscape and highlight potential opportunities.
Tenant preferences are the key to understand the ever-changing Shanghai office market. To decode occupiers’ site selection strategies amid evolving economic conditions, JLL conducted a Shanghai Office Tenant Survey, gathering nearly 100 responses. By integrating these insights with our proprietary market data, we present a detailed and dynamic perspective on office leasing trends, providing stakeholders with clear strategic guidance to navigate today’s complex market challenges. JLL aims to algin and empower stakeholders, unlocking collaborative pathways to resilience in uncertain times.