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.

2026-07-09

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.