科技类企业支撑深圳近三成办公楼租赁市场

Core Insights - The new economic sectors represented by consumer electronics, smart manufacturing, brand overseas expansion, and related professional services are becoming significant support for leasing demand [1] Demand Side - Shenzhen's corporate tenants are continuously optimizing real estate strategies through flexible leasing arrangements and strict cost control, with lease renewals and cost-driven relocations remaining dominant strategies [2] - Technology companies dominate market demand, accounting for nearly 30% of transaction area, with the smart manufacturing sector showing particularly strong activity [2] - Major technology and financial companies contribute significantly to net absorption, accounting for over half of the total net absorption for the year [2] Supply Side - The Shenzhen Grade A office market is expected to see a peak in supply in 2025, with 15 new projects entering the market, adding nearly 1.16 million square meters, the highest level in three years [4] - The overall vacancy rate for Grade A offices is projected to rise by 1.8 percentage points to 26.2% due to the combined effects of new supply and tenant adjustments [4] - The Qianhai area is expected to perform relatively well due to competitive rental levels and improved commercial amenities, with a decrease in vacancy rates in the fourth quarter [4] Structural Changes - The supply side is undergoing structural optimization, with some ongoing and existing projects introducing hotel operations to alleviate vacancy pressure [5] - In 2026, over 1.5 million square meters of new supply is anticipated, with a continued focus on hard technology sectors and the expansion of office spaces [5] - Companies are shifting their site selection criteria from a single price focus to a comprehensive evaluation of "extreme cost-performance ratio" and property management, benefiting quality office spaces in core business districts [6]