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Shenzhen MarketBeat Reports

Xiaoduan Zhang • 30/06/2026
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q2 2026 Highlights

Office: The TMT industry continued to drive office leasing demand through Q2.

Retail: The F&B sector led retail market activity with cross-border brand expansion in the quarter.

Capital Markets: The market recorded 24 transactions in 1H 2026 totaling RMB8.07 billion.

Learn more by clicking our most recent Shenzhen MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Shenzhen Office MarketBeat

New Grade A supply paused in Q2. The TMT industry remained the key leasing demand sector in 1H 2026, with large-scale relocations and renewals prevalent. Private equity, securities, law and logistics firms were also core demand drivers. Citywide net absorption for 1H 2026 reached 175,000 sq m, pulling down overall vacancy to 29.1%. Citywide monthly average rents weakened to RMB144.2 per sq m. 
 

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Shopping Retail
Shenzhen Retail MarketBeat

Citywide prime mall stock remained at 7.9 million sq m in Q2. The F&B sector was a hotspot in the quarter with a 40.6% share of new stores and with cross-border brands entering the market. In general retail, community stores within 15-minute living circles are growing. The overall retail vacancy rate rose marginally to 9.2%, average prime mall monthly rents edging down to RMB693.5 per sq m.
 

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Warehouse Internal Rack
Shenzhen Capital Markets MarketBeat

The Shenzhen capital market recorded 24 transactions in 1H 2026 totaling RMB8.07 billion (US$1.19 billion), down 31.2% y-o-y. The average transaction volume dropped to RMB336 million from RMB510 million in 1H 2025, reflecting a continued trend toward smaller deals. All buyers were domestic. Investment-driven transactions accounted for 73.4%, while owner-occupations made up 26.6%. 

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