“Landlords are improving service quality, introducing flexible leasing, and integrating retail elements to enhance tenant satisfaction and retention in a more competitive market.”

JAMES MACDONALD, SAVILLS RESEARCH



• One new Grade A office project, Euro America Innovation City (EIC),‌ was launched in Q2/2025, adding 100,000 sqm of office space in Qianjiang Century City (QJCC).

• Citywide net take-up reached 42,400 sqm in 1H/2025, compared to 79,000 sqm for the full year 2024. Tenants remained cautious, actively comparing lease options.

• Financial, professional services, and technology firms remained key drivers of demand, while consumer-focused companies showed signs of recovery.

• The citywide vacancy rate rose by 2.3 ppts in Q2/2025 to 28.6%, primarily due to new supply. Excluding these new completions, vacancy edged down by 0.3 ppts.

• Premium mixed-use projects continue to achieve occupancy rates above 90%, with rents typically 10%–15% higher than comparable standalone buildings.

• Grade A rents fell by 1.9% in Q2/2025 to RMB4.0 psm pday, representing a 7.9% YoY decline.

• Seven new projects totalling 553,000 sqm are scheduled for completion in 2H/2025. Nearly 80% of the upcoming supply will be concentrated in Qianjiang New City (QJNC) and QJCC.