# Chengdu Class A office rents and incentives

> Headline Class A rent in Chengdu is around ¥150/sqm/mo · ≈ $23.2 PSF/yr USD, with 8 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/chengdu/rents-and-incentives
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Headline Class A rent: ¥150/sqm/mo · ≈ $23.2 PSF/yr USD.
- Trophy submarket rents (Tianfu New Area) push to roughly ¥165/sqm/mo · ≈ $25.6 PSF/yr USD.
- Typical concessions on a 5-year deal: 8 months free rent.
- Vacancy stands at 22.6% — market trend is softening.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## Key facts
- **city**: Chengdu
- **country**: China
- **region**: APAC
- **classARentLocal**: ¥150/sqm/mo · ≈ $23.2 PSF/yr USD
- **classARentUsd**: $23/sqft/yr
- **vacancy**: 22.6%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 8
- **submarkets**: 5
- **primeYieldPct**: 5.6%
- **trophyRent**: ¥165/sqm/mo · ≈ $25.6 PSF/yr USD
- **primeRent**: ¥130/sqm/mo · ≈ $20.1 PSF/yr USD

## FAQ
### What is the average Class A rent in Chengdu?
Around ¥150/sqm/mo · ≈ $23.2 PSF/yr USD across the broader Class A index. Trophy submarkets like Tianfu New Area command 20–40% above that.

### How many months of rent-free are normal in Chengdu?
8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Chengdu?
The Chengdu Class A market is currently softening. Vacancy is 22.6%, which sets the negotiating context.

---
Citation: Source: Class A Atlas (https://classa.info/cities/chengdu/rents-and-incentives), updated 2026-04-15T00:00:00.000Z.