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Guangzhou MarketBeat Reports

Xiaoduan Zhang • 30/09/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q3 2024 Highlights

Office: New Grade A office supply paused in Q3.

Retail: Total prime retail stock rose to 5.8 million sq m in Q3.

Capital Markets: Next report will be available in Q4.

Learn more by clicking our most recent Guangzhou MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Guangzhou Office MarketBeat

No new Grade A projects entered in Q3. Consolidation and relocation activities remained prevalent in the quarter, with professional services firms leading demand. Pazhou submarket maintained a positive leasing trend, but citywide quarterly net absorption dropped into negative figures. Overall Grade A vacancy moved up to 18.5%. The average monthly rental level retreated 3.8% q-o-q to RMB137.1 per sq m.

Click here to download the report

Shopping Retail
Guangzhou Retail MarketBeat

Total prime retail stock rose to 5.8 million sq m in Q3. The market benefitted from the summer peak season, but still faces competitive challenges. General retail brands outpaced F&B as the key demand driver, with fashion and cosmetics brands expanding. The prime mall average vacancy rate moved up to 7.9%. Citywide monthly average rents softened 1.2% q-o-q to RMB707.9 per sq m.
 

Click here to download the report

Warehouse Internal Rack
Guangzhou Capital Markets MarketBeat

Next Capital Markets report will be available in Q4.
 

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