Core Insights - The Guangzhou Grade A office market saw a new supply of 255,000 square meters in Q1 2025, increasing the total stock to 6.92 million square meters [1] - The new supply is primarily from the International Financial City business district, contributing to the enhancement of the area's business capabilities [1] - The market is experiencing a multi-core structure with the expansion of emerging business districts such as Zhujiang New Town, International Financial City, and Pazhou [1] Market Demand and Vacancy Rates - The overall market demand is in an adjustment phase, with the vacancy rate rising by 0.5 percentage points to 19.3% [2] - However, the Pazhou business district experienced a decrease in vacancy rate by 1.2 percentage points quarter-on-quarter and 3.6 percentage points year-on-year, reaching 24.9% [2] - Rental prices have decreased by 4.8% to 125.1 yuan per square meter per month, prompting some companies to accelerate their leasing activities [2] Industry Demand Distribution - The TMT (Technology, Media, and Telecommunications), trade and retail, and financial sectors accounted for 56% of the leasing demand in Q1 2025 [4] - The TMT sector led the demand with a 24% share of total leasing area, driven by significant transactions in software, information technology, and new media [4][6] - Retail trade demand increased by 11% quarter-on-quarter, with a notable rise in leasing activity among e-commerce and local brand companies [6] Future Supply Outlook - Over the next three years, the Guangzhou Grade A office market is expected to see an additional supply of 2.5 million square meters, mainly in Pazhou and International Financial City [7] - The concentration of new projects in Pazhou and International Financial City may intensify market competition, keeping vacancy rates high [7] - Landlords are adopting flexible leasing policies to attract tenants, creating a favorable negotiation environment for renters [7]
2025年一季度广州写字楼市场回顾与展望
Sou Hu Cai Jing·2025-04-07 09:07