房地产行业市场监测，上海存量住宅合租市场（2024年2月）

Investment Rating - The report does not explicitly provide an investment rating for the rental housing market in Shanghai Core Insights - The rental price gap between shared and whole rentals is gradually narrowing, with the average shared rental price at 2360 CNY/month per room, reflecting a 3% decrease over the past six months [2] - The demand for shared rentals has decreased as high-quality, stable rental options have entered the market, diverting some of the shared rental demographic to smaller units or single rooms [3] - Over 80% of districts in Shanghai have experienced a cumulative decline in shared rental prices over the past six months [3] - The average shared rental price around subway stations has decreased by 1.8% over the past two months, with the 14th line experiencing the largest drop of over 100 CNY [5][6] - The report highlights a shift towards a "one house, one room, one bed" rental model, which is becoming more favorable for urban workers seeking stability and better living conditions compared to traditional shared rentals [8] Summary by Sections Overall Market - The rental market is characterized by sufficient supply, leading to a continuous decline in rental prices since the second half of the previous year [2] District Performance - More than 80% of districts have seen a decline in shared rental prices, with many districts having average rents below 2000 CNY/month per room [3][4] Subway Station Analysis - The average shared rental prices around subway stations have shown a downward trend, particularly along the 14th line, which has seen significant price reductions [5][6] Future Outlook - The shared rental market may face increasing supply-demand imbalances, with average rental prices expected to continue declining [8]