Shanghai
Shanghai is the largest ‘city proper’ in the world in terms of population, inhabited by over 24 million people. It is a global financial centre as well as being home to the world’s busiest container port. The city has gone from strength to strength since the economic reforms and redevelopment efforts of the 1990s and is now home to a variety of major domestic and international companies and looks set to continue its growth in the coming years.
The location
Situated at the mouth of the Yangtze in the east of China, Shanghai has two main areas of business, PuXi and PuDong. The different districts in PuXi house a wide variety of companies from a range of industries including marketing and IT services, and are as follows:
The main district in PuDong is LuJiaZui and is home to the financial area of the city. The majority of Shanghai’s investment and banking companies can be found here.
Neighbouring areas - price comparisons, per person per month
| The prices given below are the minimum to maximum average cost for serviced offices, per person per month, derived from our Sales Team's knowledge. |
| Area | Indicative price range |
|---|---|
| Shanghai | RMB2,500 - 6,000 |
| Hong Kong | RMB2,800 - 12,000 |
| Singapore | RMB2,750 - 7,000 |
| Beijing | RMB4,000 - 8,000 |
| Tokyo | RMB3,000 - 6,000 |
Looking for an office in Shanghai
Costs
The prices for serviced office space can range from between RMB 2500 to 6000 per workstation in Shanghai, depending on location and requirements.
However, when looking at serviced offices it is always worth keeping in mind that these costs usually cover amenities, which may include internet, meeting rooms, reception services etc., and as such can offer great value for money.
Office sizes
There are so many serviced office providers in Shanghai meaning that there is usually plenty of choice when it comes to looking for new office space.
Particularly, there is wide availability in spaces suitable for one person to 20 people, while suites still appear to be the most popular type of space, taking preference over coworking spaces.
Instant Offices offer a great variety of office sizes and solutions, and are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics.
Why choose Shanghai?
Shanghai is the biggest city in China and is still rapidly developing.
Its main advantage is its location in mainland China with direct access to the largest market in the Asia-Pacific region.
As such, there is a wide variety of spaces available for companies looking to move into the area, at much more favourable prices than in comparable areas such as Hong Kong.
There is a good transport infrastructure to allow for easy travel around the city, and the region as a whole.
For international companies looking to move into the city there is the advantage that a large number of foreign companies have already made the move to Shanghai city, along with new initiatives to make it easier to set up business in the city.
Five things you probably didn't know about Shanghai:
- English is taught as a mandatory course from first grade in the public education system in Shanghai
- Shanghai was originally a small fishing village but is now in the top 10 largest cities in the world
- With over 70 million visitors the 2010 Shanghai Expo 2010 was the biggest world exposition in history
- The Shanghai Maglev Line between the city centre and the airport carries the fastest trains in the world with its maximum operational speed of 430km/h
- Since 1921, Shanghai has lost 6 feet in height and continues to slowly sink into the soft soil that it is built on
A closer look at Shanghai
The following districts are the most popular areas in which to rent office space:
JingAn
- JingAn is located in the centre of Downtown Shanghai and has been an area of rapid and continuous development over recent years
- It is also home to the world-famous West Nanjing Road on which the Shanghai Exhibition Centre and the Shanghai Centre sit
- The district of Xu Hui is one of the commercial centres within Shanghai and is home to major shopping malls including Grand Gateway Shanghai and Pacific Sogo
- It is also home to the original campus of Shanghai Jiao Tong University, the premier University in China, providing access to top graduates
- Home to the main domestic airport serving Shanghai, this area is due to see large developments over the next couple of years with a new Central Business District (CBD) planned
- The new CBD will be located 17km from PuDong and will consist of retail and office space that will total approximately 350,000m²
- LuJiaZui is the main district of PuDong (literally translated as The East Bank) and is situated on the banks of the Huangpu River
- Since the early 1990s the area has been developed as the main financial centre of Shanghai
- The district is home to over 500 domestic and international financial and insurance companies and its skyline of over 30 buildings of at least 25 storeys has become one of the world-renowned images of the city
- Some of these iconic skyscrapers include the Oriental Pearl Tower, Shanghai World Financial Center, Bank of China Tower and the Shanghai IFC that comprises two towers, one of which houses Shanghai’s HSBC headquarters
- The area is also home the Shanghai Stock Exchange, the world’s fifth-largest stock exchange
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.
Email our team or call us and we'll be delighted to help you.