In H2 2022, Shenyang office market demand recovered steadily, with market activity recovering and a small overall market absorption.
In H2 2022, Shenyang office market demand recovered steadily, with market activity recovering and a small overall market absorption. Net absorption was positive for the first time after four consecutive negative quarters, totaled 49,000 sqm (527,000 sq ft) in H2 2022. The overall rents decreased significantly, down 6.6% HOH. With more new supply entering the market, the market will face greater downward pressure on rents in the future.
