Rent in the fastest-growing business districts in China's Greater Bay Area Q2 2019

Published by
Wenyi Zhang,
Jan 27, 2022
As of the second quarter of 2019, the average monthly rent in Shenzhen's Houhai business center was 26 Hong Kong dollars per square foot gross floor space. As an essential city in the China's Greater Bay Area, Shenzhen is home of many of China's high-tech companies, attracting lots of start-ups there.

Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019 (in Hong Kong dollars per square foot growth floor area)

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Release date

August 2019

Region

China

Survey time period

Q2 2019

Supplementary notes

Net absorption is the total new square footage leased minus the total square footage of tenants that no longer occupy their suites in a given time period.

*Estimates.

Note: 1 Hong Kong dollar equals approximately 0.13 U.S. dollars and 0.12 euros (as of August 2019).

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