On December 29, Savills and hongrongyuan group held a media conference in Shenzhen in the fourth quarter of 2021 at the former Haihong Rongyuan center. At the event, Savills authoritative released the review and Prospect of Shenzhen real estate market in the fourth quarter of 2021 to share market trends and look forward to future trends.
the demand for Grade A office buildings rebounded strongly, the vacancy rate fell for four quarters, and the net absorption exceeded one million
At the press conference, Xie Jingyu, head of South China Market Research Department of Savills, analyzed the dynamics of Shenzhen real estate market in the fourth quarter of 2021 from the aspects of office buildings, retail properties and housing, and looked forward to the overall situation of Shenzhen real estate market in 2022. It is reported that in 2021, the new supply of Grade A office buildings will reach 982000 square meters. Among them, three projects were delivered to the market in the fourth quarter, bringing a total of 435000 square meters of office space to the market. By the end of the year, the city’s total stock had risen to 9.288 million square meters, with a year-on-year expansion of 11.8%.
It is particularly worth mentioning that in 2021, the grade A office rental market in Shenzhen rebounded strongly, and the annual net absorption of the city recorded 1.176 million square meters, breaking a record high of one million square meters for the first time. Among them, in the fourth quarter, the leading enterprises in the TMT industry continued the strong expansion trend of the previous quarter and reached several eye-catching transactions of more than 10000 square meters during the quarter. In addition, the demand for leasing in the financial, retail and trade industries continued to be active. Thanks to this, the city’s net absorption in the fourth quarter hit a record high in a single quarter, reaching 440000 square meters.
For the prospect of 2022, Xie Jingyu said that in 2022, 18 new projects in the city are expected to enter the market, bringing a total supply area of 1204000 square meters to the market. By then, the total stock of Grade A office buildings in the city is expected to exceed 10 million square meters. The expectation of continuous growth of local economy and tertiary industry is expected to further enable the activity of Shenzhen office rental market. TMT and financial industry will still maintain rapid development to support the growth of market rental demand. However, the market deregulation pressure may increase again due to the entry of millions of new supply, and the vacancy rate of the city is expected to rise.
Shenzhen headquarters has great attraction, and the first asset customization service of the headquarters
Wu Rui, managing director of Savills Shenzhen, said at the meeting that Shenzhen has a good window foundation and the attraction of enterprise headquarters agglomeration. With more and more headquarters enterprises settled in Shenzhen, their demand for customized headquarters assets is increasing. “According to the experience of many years of cooperation with headquarters enterprises, we found that the traditional point and temporary needs have brought great trouble to headquarters enterprises from land acquisition or bulk property purchase to subsequent decoration, leasing and property management.”
Based on years of overall service experience, Savills launched the “360 ° headquarters asset customization service for enterprises in Savills Bay Area” for the first time to provide a one-stop solution for the needs of enterprises in different stages, make overall planning and optimization of fragmented modules, and provide complete full cycle services for the headquarters of enterprises.
(Southern Metropolis Daily)
