2024年9月上海商办买卖市场

Investment Rating - The report does not explicitly provide an investment rating for the commercial and office property market in Shanghai Core Insights - The supply of new commercial and office properties in Shanghai has decreased significantly, with a month-on-month decline of 42% in September, totaling approximately 154,600 square meters, although it remains at a relatively high level compared to the past six months [2] - The total transaction area for commercial and office properties in September saw a slight decrease of 7% month-on-month, amounting to 154,000 square meters, which is still above the average transaction area for the past six months [4] - The commercial property market showed a notable increase in transaction volume, with a 59% rise in transaction area and a 47% increase in the number of transactions, while the office property market experienced a significant decline of 58% in transaction area [4] Summary by Sections New Supply - In September, the new supply of commercial properties was concentrated in seven administrative districts, with Minhang District accounting for over 50% of the total supply [3] - The total new supply area for commercial properties was 95,400 square meters, down 16% month-on-month, while the office properties saw a supply of 59,200 square meters, down 61% month-on-month [2][3] Transaction Volume - The total transaction area for commercial properties was 59% higher than the previous month, with 352 transactions recorded, while the office properties saw a significant drop in transaction area to less than 40,000 square meters, down 58% month-on-month [4] - The commercial property transactions were primarily concentrated in Jiading, Baoshan, Qingpu, and Pudong districts, with Jiading leading with a transaction area exceeding 33,000 square meters [4] Second-Hand Office Market - The second-hand office market in Shanghai has seen a continuous decline in transaction volume for three consecutive months, dropping to approximately 37,000 square meters in September, a decrease of 17% month-on-month [9] - The central area accounted for 65% of the total transaction volume, but experienced a significant decline of over 18% [9][10] Second-Hand Commercial Market - The second-hand commercial market experienced a notable decline in transaction volume, with a 29% drop in September, totaling approximately 23,000 square meters, which is below the average for the past six months [12] - The outer districts outperformed the central areas, with commercial transactions in these areas accounting for 74% of the total volume [12]