Research

Shanghai Office Market Dynamics Q4 2024

Summary and analysis of Shanghai's current office real estate market conditions.

March 06, 2025
Contributors:
  • Daniel Yao
  • Rental declines and increased incentives continue to drive demand for upgrading.

  • New supply of 138,800 sqm entered the market in Q4 2024, contributing to total annual new completions of ~661,600 sqm.

  • Rents remain in decline amid competition for tenants.

Fill out this form to download report

There was an error submitting the form. Please try again.