JLL publishes 2023 "China Office Leasing Guide"

JLL publishes 2023 "China Office Leasing Guide"

In 1H2023, the stock of Grade A offices in 20 key cities including Hong Kong in China totaled 94.47 million sqm, mainly concentrated in tier 1 cities (Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong), which recorded 52.20million sqm. By the end of 2024, these 20 cities will contribute up to 14 million sqm of new offices, representing about 15% of the current stock. Shenzhen, Shanghai, Guangzhou, Hangzhou will be the main contributors.

JLL has released the "China Office Leasing Guide" for the fourth consecutive year. The guide provides data and details on office buildings and leasing processes, covering nearly 20 major Chinese cities, including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong.

Whether you're planning an office setup, lease renewal, relocation or expansion, this guide will provide you with deep market insights to make an informed decision.

Key highlights of the guide:

• China office market outlook
• Office building classifications
• Office leasing processes
• Office leasing cost (direct and indirect)
• Office leasing industry standard