CBRE said on July 9 Shanghai's office market posted net absorption of 316,000
sqm in 1H, up 83% YoY and roughly 80% of last year's full-year net absorption.
Financial firms accounted for the largest demand share at 16.0%. Concentrated
new supply pushed vacancy up 2.1 percentage points YoY to 24.5%. Quoted rents
fell 1.7% versus end-2025 to 237.2 yuan/sqm/month; effective rent declined 4.6%
to 158.0 yuan/sqm/month.