The transaction volume of new office buildings in Shenzhen has surged by 158%, indicating a recovery in the local office building market.

In the just-passed quarter, the leasing demand for office buildings in Shenzhen, Guangdong has seen a resurgence. The vacancy rate of Grade A office buildings has dropped for two consecutive quarters. It is understood that with the support of policies, the improvement of industrial platforms, and the influx of talent, more and more leading companies with economies of scale are moving into Grade A office buildings in Shenzhen, driving the aggregation of upstream and downstream companies such as IP operations and professional outsourcing services, further expanding the demand for office buildings. In January of this year, the commercial real estate market received favorable policies. The minimum down payment ratio for commercial property purchases was adjusted to no less than 30%. Following suit, Shenzhen has implemented the policy and in the two-plus months since its implementation, the trading heat of both first-hand and second-hand office buildings in Shenzhen has increased, with accelerated release of demand for self-use by enterprises. Data shows that in the first quarter of 2026, the transaction volume of first-hand office buildings in Shenzhen increased by 158.8% year-on-year, while the transaction volume of second-hand office buildings increased by 31%.