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2021 Shenzhen Office Investment Report

September 15, 2021

Shenzhen’s rapid economic development and robust leasing demand have attracted growing attention from commercial real estate investors in recent years. Investment volume reached RMB 100 billion in the period from 2016-2020, an increase of 500% from the figure registered between 2011-2015, marking the strongest rate of growth among all tier 1 cities.

Offices have historically been the most traded asset class in Shenzhen, with total investment volume exceeding RMB 10 billion yearly over the past three years, and office deals accounting for more than 50% annually over the same period.

However, despite large new pipeline supply, institutional investors in particular are finding it challenging to locate suitable investible office assets due to market dominance by self-use buyers and the limited availability of assets for sale.

This CBRE Special Report explains how Shenzhen’s rapid economic growth, burgeoning office demand and positioning as one of China’s main economic growth engines are set to ensure a bright future for the city’s office investment market. The report also identifies a range of investment opportunities including prime offices in core areas, business parks in industrial clusters, and offices situated on M0 (new industries) that CBRE believes to be appropriate for investors seeking to increase their exposure in China’s fastest-growing city.