Core Insights - The office rental market in Shenzhen has entered a low-cost era, with significant reductions in rental prices and availability of government subsidies for entrepreneurs [1][2] - The average rent for Grade A office buildings in Shenzhen has decreased by 5.3% to 160.1 RMB per square meter as of Q2 2023, compared to the peak rent of 276.6 RMB per square meter in 2018, representing a decline of over 40% [1][2] Group 1: Market Dynamics - There is an abundance of office space available in Shenzhen, leading to lower rental costs for startups [1] - Property owners are adopting aggressive pricing strategies to retain tenants, as the cost of retaining a customer is lower than acquiring a new one [1][2] - The trend of moving from industrial parks to Grade A office buildings is driven by the expiration of preferential policies and the appeal of longer rent-free periods and subsidies [1] Group 2: Future Outlook - The Shenzhen office market is expected to see further rental declines of 2.7% and 3.1% in Q1 and Q2 of 2025, respectively, as owners respond to market pressures [2] - The local government is actively supporting the incubation and development of key industries, providing low-cost, high-quality office spaces [2] - Shenzhen's strong industrial foundation, particularly in hard technology sectors like AI, smart manufacturing, and semiconductors, is expected to drive structural growth in the office market, contributing to future market recovery [2]
特写：写字楼市场“以价换量” 深圳创业企业办公成本降低