Reports on a number of market institutions showed that the demand for the Shanghai office building market has recovered slightly in the second quarter, but the addition of new supply in the market during the same period has led to the continuous increase in the vacancy rate of office buildings in the city.
According to Caixin.com, the data of the World State Wei Shi showed that in the second quarter, the net absorption volume in the Shanghai office market increased significantly from the previous month, which was 180,500 square meters.It is still at a low level at a low level at a low level of 219,000 square meters, a year -on -year decrease of 31.6%.
At the same time, the new supply of the Shanghai office market is high.According to the World Plan of Shibang, in the first half of the year, a total of seven new projects in the city entered the market, such as Jiahe Center in Jing'an District and T3 in the noble field of Putuo District. The cumulative supply reached 529,000 square meters, an increase of 264.9%year -on -year.
Wang Yue, a senior director of the Shanghai Ministry of Commerce and Real Estate, predicts that the new supply in 2023 is higher than the average of the past five years, and the absorption will be lower than the average value of the past five years.
In the case of low suction and high supply, the vacancy rate of Shanghai's writing building continues to rise and rent out.According to the statistics of Dade Liangxing, as of the end of the second quarter, the overall vacancy rate of Shanghai Grade A office building climbed to 18.59%, an increase of 1.28 percentage points from the previous month; the average rent was 8.05 yuan per square meter per day (RMB, the same below, about 1.49 yuan), and declined from the previous month.0.8%.
Shanghai is the largest cities in the Chinese -level office building, followed by Beijing and Shenzhen.Data from Dade Liangxing shows that as of the end of the second quarter, the existing office building in Shanghai reached 15.67 million square meters.
It is reported that the volume will continue to expand, and the vacancy rate and rent of the Shanghai office building may continue to be under pressure.
The report of the World State Wei Shi predicts that in the second half of 2023, the Shanghai office market will still have about 953,000 square meters of new supply to enter the market. The supply is the highest level in the past ten years.According to Dade Liangxing's forecast, the new supply in the Shanghai office market in 2024 reached nearly 1.4 million square meters.
