A new blueprint for Shanghai's office market landscape
As of 2020, Shanghai’s office market has been comprised of over 14 million sqm of Grade A space, of which more than half is located in the decentralised area.
Shanghai’s fast-developing economy has led to the continuous expansion of its office building market, with a rapid rise of many submarkets in decentraliszed areas. In JLL’s latest report, we for the first time, adopted geospatial analysis and designed a scientific approach to examining Shanghai’s office market from three perspectives: industrial agglomeration, commercial atmosphere, and infrastructure maturity. Based on Shanghai’s polycentric spatial structure, this report defines Shanghai's office market using four categories: core business districts, central business districts, mature business districts, and emerging business districts.