THE LAND EVOLUTION: SHENZHEN INDUSTRIAL OFFICE
Dear Valued Client,
Shenzhen, a city with a booming innovation economy and advanced manufacturing, has always placed strategic emphasis on the best utilization of its industrial land. As of 2020, there were nine million square metres of industrial office space in Shenzhen’s core area such as Nanshan,Futian and Luohu, and we expect another five million square metres (5.38 million square feet) of new industrial office supply to enter the market over the next five years (2021-2025). Under the government’s strategy and policy initiatives, industrial office is planned to be positioned as an economical and effective solution to upgrade Shenzhen’s manufacturing sector. We expect industrial office to continue to be a necessary complement to Shenzhen’s general office market, propelling the economy forward in 21st century.