"The Greater Bay Area (GBA) economy expanded by 5.1% YoY in 2024, outperforming the national average by 0.1 ppts despite facing persistent external headwinds and weak domestic demand. Growth momentum moderated by 1.1 ppts from 2023 , but was supported by the rapid emergence of high-quality productive forces. In response, local governments across mainland GBA cities intensified efforts to foster strategic industries such as artificial intelligence (AI), the low -altitude economy, and biopharmaceuticals."

"Business sentiment in the manufacturing sector remained subdued throughout 2024, mainly due to heightened geopolitical tensions and increased protectionist trade policies. Nonetheless, crossborder e-commerce continued to exhibit robust growth, significantly driving logistics demand in the GBA."

"Savills launched the inaugural publication of the Greater Bay Area Logistics Index Report in 2020 to provide developers, landlords, occupiers and investors with a benchmark to keep abreast of the changes in the logisticsmarket, enabling them to refine or adapt business and corporate real estate strategies, and the report is updated periodically."

"Savills’s Greater Bay Area Grade A Office Index (GBA Grade A Office Index) aims to provide market players, investors, developers, landlords and office occupiers with a reliable benchmark for the GBA office markets."