2023-10-31-第一太平戴维斯-深圳写字楼_2023年第三季度_2页_1mb

Shenzhen Office Market Overview (Q3 2023)

Economic Context

• GDP growth in 2023 H1: 6.3%, with third industry contributing 65.1%.
• Shenzhen economy faces pressures from global challenges and reduced spending.

Key Findings

• Supply: Five new projects delivered, adding 27.7万 m² to total stock (now 1,071.9万 m²). Vacancy rate rose to 28.3%, a three-year high.
• Demand: IT and financial sectors dominate (53.6% of leases in Q3), with specific deals noted. Demand remains weak due to economic factors.
• Leasing and Rent: Average rent dropped to RMB 168.9/m²/month, with uncovered rental index falling by 5.1%. Leases involve flexibility like longer免租期 to attract tenants.
• Investment: Market is cautious, with no reported transactions due to prolonged negotiations and high vacancy.
• Market Outlook: Rentals expected to remain soft, vacancy rising, and Q4 supply (32.9万 m²) could further pressure asset performance and rent stability.

Notable Leases

• Major contracts involve tech and financial companies, such as涂鸦智能科技in South District.