“In H1/2025, the market experienced weak demand. Despite alleviated destocking pressure from supply decline, insufficient demand hindered a full market recovery, and rents continued to fall. Professional services and the financial sectors were the main demand contributors.”

SOPHY PAN, SAVILLS RESEARCH



Market demand recovery limited

• Chongqing’s GDP reached RMB757.47 billion in Q1/2025, up 4.3% YoY.

• In 1H/2025, Chongqing’s Grade A office market saw the entry of Financial Town 1# T1, adding approximately 16,300 sq m of leasable area.

• The city’s Grade A office stock reached 2.87 million sq m.

• The city’s vacancy rate increased 1.8 ppts YoY to 36.7%.

• The city’s average rent fell to RMB70.3 psm pmth.