房地产行业：2024年5月上海商办买卖市场

Investment Rating - The report does not explicitly provide an investment rating for the Shanghai commercial property market Core Insights - In May, the total new supply of commercial properties in Shanghai increased to 80,300 square meters, representing a month-on-month growth of 99% [2] - The commercial property supply was concentrated in five districts, with significant contributions from Pudong New District and Qingpu District, which accounted for 19,400 square meters and 12,500 square meters respectively [2] - The overall transaction volume for commercial properties in May was 117,300 square meters, showing a month-on-month increase of 13% [4] - The transaction volume for office properties, however, decreased by 24% month-on-month, totaling 34,500 square meters [4] Supply Summary - New commercial property supply in May was distributed across five administrative districts, with a total supply area of 40,600 square meters, marking a month-on-month increase of 184% [2] - Office property supply remained stable with two districts contributing a total area of 39,700 square meters, which is 52% higher than the average supply over the past six months [2][3] Transaction Summary - The commercial property market showed a steady upward trend, with commercial property transactions reaching 82,800 square meters and 482 units sold in May [4] - Office property transactions saw a significant decline, with only 67 units sold, representing a 74% decrease in transaction volume [4] - The most active districts for office transactions included Xuhui District, which accounted for 64% of the total office transaction area [4] Popular Projects - The report lists the top commercial projects based on transaction activity over the past three months, with Dazhong Financial Building leading at 3,473 square meters [8] - The second and third positions were held by Shimei Building and Caifu International Plaza, with transaction areas of 3,138 square meters and 3,657 square meters respectively [8] Secondary Market Performance - The secondary office market in Shanghai remained stable with a transaction volume of approximately 54,500 square meters, while the central area saw a reduction in transaction volume by 16 percentage points [7] - The outer districts, particularly Qingpu and Songjiang, experienced significant growth, with transaction volumes increasing by over 130% [7][10] Secondary Commercial Market - The secondary commercial market saw a slight increase in transaction volume to approximately 32,400 square meters, slightly above the average for the past year [9] - Outer districts outperformed central areas, with Pudong New District and Jinshan District leading in transaction volumes [10]