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Shenzhen Office Quarterly Report Q2 2022


Demand improves and the financial sector becomes more active, vacancy declines

In Q2 2022, Shenzhen’s pent-up demand from previous social distancing regulations and the Spring Festival (Chinese New Year in February 2022) came to the market. However, due to the uncertainty surrounding Covid and the macroeconomic environment, confidence is lacking throughout the office leasing market, and Q2 activity was low YOY. Rents have been steady since last year, and the vacancy rate declined slightly QOQ.

With the high supply in Shenzhen’s market, we continue to recommend landlords attract high-quality customers with flexible lease terms. We also recommend landlords offer refined operations and advanced experience in real estate management with the latest technology.

With the current supply, many high-quality properties offer favorable leasing conditions. We recommend tenants use this time to reserve space for future development.

Shenzhen Office Quarterly Report Q2 2022

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Alvin Zhong

Managing Director | Shenzhen


Alvin Joined Colliers as the Managing Director of Shenzhen in 2020 leading full scale services from advisory, leasing to investment sales across all sectors in office, service apartments and industrial properties. Previously he worked at Shenzhen Qianhai Financial Holding to facilitate modernization services, including early-stage development and investment of major projects in Shenzhen and in vicinity of Shenzhen. Since 2015, he was the Vice General Manager of the Jinzheng Qianhai Finance Technology, a company invested by Qianhai government. Prior to this position, Alvin worked for Huawei in America responsible for business development.

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