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Shenzhen丨2022Q4丨Shenzhen Office Quarterly Report Q4 2022

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2022 ended flat, the market is worth looking forward to next year

The office market was flat this quarter, with net absorption and rents falling. The settled demand mainly came from traditional financial enterprises, state-owned enterprises, as well as booming digital economy related enterprises. Some Internet companies that expanded rapidly in the past have been withdrawn their leases. The office market activity is expected to recover gradually in the coming year, driven by the reduced impact of COVID and policies aimed at boosting the economy.

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Shenzhen丨2022Q4丨Shenzhen Office Quarterly Report Q4 2022

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