ASIA PACIFIC OUTLOOK 2025

GUANGZHOU

NEW SUPPLY (SQM)

Due to the delayed completion of some projects, the Guangzhou Grade A office market is expected to see only 172,659 sq m of new supply complete in 2024, less than half of the average supply seen over the previous three years. Over the next five years, the market will see around 2.7 million sq m of new supply, which is expected to peak at around 860,000 sq m in 2026. The supply influx will be mainly concentrated in Pazhou and the International Financial City districts, two emerging business submarkets, which will accelerate the formation of a new development pattern in the Guangzhou office market

- 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000

FORECAST

NEW SUPPLY (SQM)

The continued high supply is set to maintain market pressure.

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield