While primary industry output continues to show a decline in Shenzhen, as China focuses on services-led growth, the city has seen the financial sector grow by over 15% in the last year.
This has helped to drive up the demand for Grade A office space and as such there is currently a low vacancy rate across the city, while rental prices continue to increase.
However, the increase in prices is expected to be checked with up to two million square meters of Grade A office space expected to be added to the Shenzhen market in the rest of 2015 and 2016.
The prices for executive suites can range from RMB2,500 – 5,000 per workstation, per month in Shenzhen, depending on location and requirements.
When looking at executive suites it should be kept in mind that costs usually cover a wide range of amenities, which may include internet meeting rooms, reception services etc., and as such can me more cost-effective than traditional leases.
We currently have a number of different office space locations in Shenzhen that provide different types and styles of workspace so we are confident that we can fulfill a wide range of requirements.
We are able to accommodate most inquiries, from one person through to 100 or more depending on the specifics.
Five things you probably didn't know about Shenzhen:
- Prior to the establishment of the Special Economic Zone in 1979, Shenzhen was only a market town called Sham Chun Hui
- The Window of the World theme park in the western part of the city houses around 130 reproductions of the world’s most famous landmarks including the Taj Mahal and a 108m tall Eiffel Tower
- While other major cities in China have the problem of an ageing population the average age of Shenzhen’s residents is 30, with the 20 – 29 age group making up over 35% of the city’s population
- Spread along 260km of Shenzhen’s coastline, the Port of Shenzhen is the third busiest container port in the world and is home to around 40 shipping companies
- Over half of the total area of the city is protected as a greenbelt