Lates News

On August 18, Yao Yao, the Director of the Research Department at JLL China, pointed out that "for a long time, Shanghais super prime office buildings have demonstrated a solid advantage in both rental premiums and vacancy rates compared to ordinary grade A office buildings. Entering 2026, super prime office buildings are sending strong signals of stabilization and recovery, becoming the core engine driving the market recovery in Shanghai." Key data as of the end of the second quarter this year corroborate this trend. In terms of rental, the average rent for super prime office buildings in Shanghai reached 8.5 yuan/square meter/day, and in the first half of 2026, nearly 70% of the projects achieved stable or rising rents. Regarding absorption, based on newly completed projects since 2022, the average absorption rate of super prime office projects in Shanghai has significantly outperformed, reaching 2.7-2.9 times that of ordinary grade A offices at different stages. Additionally, in the past year, demand for upgrades accounted for as much as 94% of the leasing transactions for super prime office buildings.