Core Insights - The report by JLL highlights that three emerging industries are driving the growth of leasing demand for Grade A office spaces in Guangzhou, contributing approximately 40% of the new leasing area by 2025 [1] Group 1: Emerging Industries Driving Demand - The three key emerging industries identified are: 1. New consumption content industry represented by live e-commerce, mobile gaming, and IP content creation 2. Brand overseas service industry including cross-border payment, international logistics, overseas marketing, and cross-border legal consulting 3. Strategic emerging industries represented by artificial intelligence, low-altitude economy, and semiconductors [1][2] Group 2: Market Supply and Trends - The Grade A office market in Guangzhou is expected to see a supply peak in 2025, with 9 new projects entering the market, adding approximately 739,000 square meters of supply, which is more than double the previous year [1] - New supply is highly concentrated in emerging business districts, with about 40% in Pazhou and 60% in Guangzhou International Financial City [1] - The report indicates that the clustering of cutting-edge industries like AI commercialization and commercial aerospace is forming new economic growth poles in Guangzhou [2]