JLL 2024 "China Office Leasing Guide"
JLL has recently released the 2024 "China Office Leasing Guide", providing in-depth analysis of the latest trends and insights into the office markets of key cities in China, as well as the challenges faced by corporate tenants during the leasing process. Whether you're planning for new office setups, lease renewals, relocations or expansions, this guide will help you make an informed decision with detailed market insights.
Key highlights
- Office building classifications
- Office leasing processes
- Office leasing cost (direct and indirect)
- Office leasing industry standard
- China office market outlook
The detailed data from the prime office market of key cities in China showcases information such as the stock, vacancy rates, rental levels, and location of grade A office buildings. This information is highly valuable for corporate tenants looking to expand and make informed business decisions.
In 1H2024, the stock of Grade A offices in 14 key cities including Hong Kong in China expanded by 5.2% y-o-y. Amongst, Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong recorded a total 64.02 million sqm of Grade A offices by the end of 1H24, marking a y-o-y increase of 5.3%. By the end of 2025, these 14 cities will contribute up to 12 million sqm of new supply, representing about 14% of the current stock. Shenzhen, Shanghai, Guangzhou, Chengdu will be the main contributors.
For more details, please download the 2024 JLL China Office Leasing Guide.
