2023大中华区写字楼供应、需求前沿趋势

CONTENTS2023GREATERCHINATOPOFFICESUPPLYANDDEMANDTRENDSExecutiveSummaryIntroductionGradeAOfficeWhereIt'sAtGradeAOfficeWhereItllBe3678TheSixCity-LevelMarketsTopSupply/DemandTrendsForBeijingTopSupply/DemandTrendsForShanghaiTopSupply/DemandTrendsForShenzhen22243036lopSupply/DemandTrendsForGuangzhouTopSupply/DemandTrendsForHongKongTopSupply/DemandTrendsForTaipeiKeyTakeaways42485459BusinessContactsResearchTeamTHEGENERALMARKETByendofQ42022,thetotalGradeAofficeinventoryinthecoremarketsofthe21majorcitiesinGreaterChinawetracktotalled65.3millionsqm.Inthemeantime,totalpremiumcorecityofficenetabsorptionacrosstheGreaterChinamarketforthewholeyearwas1.0millionsqm,adecreaseof74.3%whencomparedtothefigureregisteredattheendofQ42021.Amongthesixmajorcitiesintheregion,Taipeiregisteredthelowestvacancyrate,at2.8%.Asforthetier-2citygroup,Hangzhourecordedthelowestvacancyrateat16.6%amongourtrackedcitymarketsinGreaterChina.ThevolumeofqualityofficesupplyinmanycitiesinGreaterChinaisexpectedtoenterapeakperiodthisyear.Between2023-2026,muchofthefuturesupplyexpectedtocompletewilllandinsuburbanlocations,whichwillcontinuetodrivedecentralisationasanumberoftenantsseekqualityspaceatadiscountedrental.Lookingtotheyearahead,consideringtheeconomy,policydirectionandCOVID-19controlrelaxationinmainlandChina,webelieveoverallprimeofficedemandwillbemoreresilientthanlastyearinGreaterChina.Inparticular,certainindustrysectorshaveseennewbusinessopportunitiesoflateorhavethepotentialtorealisebusinessgrowth,givenrecentgovernmentalpolicydirectivesandrecentcommercial,societalandlifestylechanges.Theseindustrysectorsare:Thetechnology,media,andtelecommunications(TMT)sector;Thelifesciencessector,and;Thetradingsector.LookingattheindividualmajorgatewaycitiesinGreaterChina,GradeAofficemarketdemandperformancein2022generallyturnedouttobelowerthanexpected.Into2023,weexpectanumberoffactors,includingthestateofthegeneraleconomy,governmentpolicyandindividualcityinitiatives,tohelpdrivedemand.GreaterChinaTopOfficeSupplyGreaterChinaTopOfficeSupply/DemandTrends #』|kCUSHMAN&llllllllWAKEFIELD 』|kCUSHMAN&llllllllWAKEFIELD / 戴德梁行•In2022,marketuncertaintybroughtonbycitylockdownsacrossmainlandChinadelayedGradeAofficeconstructionandstymiedleasedGradeAofficedemand.戴德梁行•ByQ42022,thetotalGradeAofficeinventoryinthecoremarketsofthe21majorcitiesinGreaterChinawetracktotalled65.3millionsqm.•Inthemeantime,totalpremiumcorecityofficenetabsorptionacrosstheGreaterChinamarketforthewholeyearwas1.0millionsqm,adecreaseof74.3%whencomparedtothefigureregisteredattheendofQ42021.•AsCOVID-19controlmeasuredhavebeenrelaxedinmainlandChina,itisexpectedthatbusinessactivitywillbouncebackin2023andthisincreasedcommercialactivityshouldproduceanuptickindemandforqualityofficespaceintheGreaterChinaregion.JohnSiuManagingDirectorHongKongic>hn.siu(5)cushwake.cc>mcharlie.sl.wona(a)LeonLianDeputyManagingDirectorHeadofProjectandOccupierServicesNorthCCharlieWongDeputyManagingDirectorofProjectandOccupierServicesHeadofOccupierServicesSouthChinaLIFEISWHATMAKEITRESEARCHTEAMSabrinaWeiNorthChinasabrina.d.wei@

XiaoduanZhangSouth&CentralChinaxiaoduan.zhang@

RosannaTangHongKongrosanna.tang@IvyJiaWestChinaivy.jia@EasonLeeTaiwaneason.ih.lee@ThisreportwasauthoredbyShaunBrodie,HeadofResearch,EastChina&GreaterChinaContent.AnalysissupportwasprovidedbyLarrySang,LianneYang,NingWen,PheobeWang,AnthonyWong,JuliaLawandLynnHuang.TobetterserveourclientsourChinaResearchTeamhasestablishedCentresofExcellenceinvariousfocusareas,suchasCapitalMarkets,Industrial,LogisticsandRetail.ShaunleadstheResearchCentreofExcellenceforGreaterChinaOccupierResearch.IfyouhaveanyqueriesrelatedtoOccupierResearchinGreaterChina,pleasecontact:AboutCushman&WakefieldCushman&Wakefield(NYSE:CWK)isaleadingglobalrealestateservicesfirmthatdeliversexceptionalvalueforrealestateoccupiersandowners.Cushman&Wakefieldisamongthelargestrealestateservicesfirmsintheworld,withapproximately52,000employeesinover400officesand60countries.InGreaterChina,anetworkof23officesserveslocalmarketsacrosstheregion,earningrecognitionandwinningmultipleawardsforindustry-leadingperformance.In2022,thefirmhadrevenueof$10.1billionacrosscoreservicesincludingvaluation,consulting,project&developmentservices,capitalmarkets,project&occupierservices,industrial&logistics,retailandothers.Tolearnmore,visitorfollow@CushWakeonTwitter.回cShaunBrodie t季HeadofResearch, mI、EastChina&GreaterChinaContent \ "shaun.fv.brodie@ ♦DisclaimerThisreporthasbeenproducedbyCushman&Wakefieldforusebythosewithaninterestincommercialpropertysolelyforinformationpurposes.Itisnotintendedtobeacompletedescriptionofthemarketsordevelopmentstowhichitrefers.ThereportusesinformationobtainedfrompublicsourceswhichCushman&Wakefieldbelievetobereliable,butwehavenotverifiedsuchinformationandcannotguaranteethatitisaccurate