“East Financial City will formally enter the market next year. With a concentrated wave of completions, this submarket is set to remain a key focus for occupiers and landlords over the coming years.” —— Sophy Pan, Savills Research 

Office Asset Repositioning Gains Momentum

• Chengdu recorded a record-high 560,000 sqm of new Grade A office supply in 2025, taking total Grade A stock to 5.0 million sqm.

• The citywide Grade A vacancy rate rose to 36.3% in Q4/2025, up 6.9 ppts YoY.

• Leasing competition remained intense, with average Grade A rents falling to RMB83.7 psm pmth.

• The financial sector remained the largest source of demand, followed by information technology, commercial and professional services, and consumer services.

• With limited new demand, landlords are increasingly exploring new asset management and repositioning strategies.

• In 2026, despite a sizeable supply pipeline, some new projects are headquarters-led, and the average vacancy rate is expected to remain stable.