Original Source
Mainland China, Hong Kong Premium Office Supply to Peak Amid Lagging Demand
Premium Office Supply Surges as Demand Wanes
Cushman & Wakefield estimates that the supply of premium office space in major cities across mainland China and Hong Kong will reach its peak this year. This surge in supply contrasts with persistent low demand, which continues to be hampered by economic slowdowns and global uncertainties. As of the end of 2025, the total premium office inventory across 21 major cities in Greater China, including Hong Kong, Beijing, Shanghai, Shenzhen, Guangzhou, and Taiwan, amounted to 99.2 million square metres. This represents a substantial increase of 4.6 million square metres, or 8.4%, from the previous year.
Economic Headwinds Impacting Market Dynamics
The analysis highlights the significant impact of the broader Chinese economic slowdown and global market uncertainties on the office sector. The continuous rise in supply, coupled with insufficient demand from new tenants or expanding businesses, indicates a potential market imbalance. This situation could lead to future implications for rental rates and vacancy levels, underscoring the challenges faced by the commercial real estate market in the region.
*Source: SCMP (2026-04-01)*
