科技企业需求瞩目，深圳甲级写字楼净吸纳量创四年新高

Group 1: Market Overview - The Shenzhen Grade A office market is expected to see a significant supply of 1.182 million square meters in 2025, marking the first time in three years that supply reaches the million-level [1] - The total stock of Grade A office space in Shenzhen is projected to expand by 9.4% year-on-year, reaching 12.843 million square meters by the end of 2025 [1] - The net absorption for Grade A offices in Shenzhen is forecasted to reach 664,000 square meters in 2025, the highest since 2021, and 16.9% above the five-year average [1] Group 2: Demand Drivers - The demand from technology companies for upgrades and expansions is particularly notable, contributing to significant transactions and driving net absorption growth [1] - Financial institutions, e-commerce, retail, and logistics sectors are also actively engaging in leasing activities, further supporting market demand [1] - The upcoming APEC meeting in 2026 is expected to boost demand from technology and high-end manufacturing sectors, enhancing market expectations [2] Group 3: Rental Market Trends - The rental market is experiencing downward pressure, with the rental index for Grade A offices in Shenzhen declining by 1.9% quarter-on-quarter and 10.6% year-on-year, averaging RMB 132.6 per square meter per month [2] - Landlords are offering rental discounts to secure tenants due to stricter budget controls from companies [2] Group 4: Future Outlook - The supply of Grade A office space in Shenzhen is anticipated to remain substantial in 2026, potentially exceeding one million square meters again, with total stock expected to approach 14 million square meters, reflecting an 8.0% year-on-year increase [2] - The APEC meeting is expected to enhance Shenzhen's international profile and provide opportunities for higher levels of openness, directly benefiting the development of technology and high-tech manufacturing enterprises [2]