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Guangzhou MarketBeat Reports

Xiaoduan Zhang • 28/06/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q2 2024 Highlights

Office: Three new project completions in Pazhou submarket in Q2 expanded tenant options.

Retail: The retail market enjoyed an influx of visitors during the May holiday period, boosting local consumption.

Capital Markets: Capital market activity slowed in the first half of 2024, impacted by multiple factors.

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

CURRENT MARKETBEATS

Office Buildings CBD
Guangzhou Office MarketBeat

Three project completions in Pazhou submarket in Q2 brought 102,884 sq m of prime space to the market. The TMT, professional services and trade & retail sectors led leasing activity in the quarter, with relocations and renewals prevalent. Citywide net absorption reached 102,688 sq m, overall vacancy stabilizing at 18.1%. The average monthly rental level softened a further 2.5% q-o-q to RMB142.5 per sq m.

Click here to download the report

Shopping Retail
Guangzhou Retail MarketBeat

The retail market enjoyed an influx of visitors during the May holiday period, with a revival in business travel further boosting local consumption. Beauty and lifestyle brands led new store openings in the quarter, with the F&B sector also continuing to grow. The prime mall average vacancy rate stabilized at 7.3%. Citywide monthly average rents picked up 0.5% q-o-q to RMB716.4 per sq m. 
 

Click here to download the report

Warehouse Internal Rack
Guangzhou Capital Markets MarketBeat

Guangzhou’s capital market activity slowed in the first half of 2024, impacted by multiple factors including industrial restructuring, leasing market pressure, and uncertainty in asset value trends. The city recorded seven transactions totaling RMB5.6 billion (US$770 million) in 1H 2024, with both the total deal count and investment volume falling back from the 1H period performances of the past three years. Domestic investors continued to dominate the market, with foreign buyers remaining on the sidelines.
 

Click here to download the report

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