Binjiang is a trophy-tier Hangzhou submarket with average asking rent around ¥200/sqm/mo · ≈ $31 PSF/yr USD.

  • Average asking rent: ¥200/sqm/mo · ≈ $31 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ¥220/sqm/mo · ≈ $34.1 PSF/yr USD ($34 USD).
  • Citywide vacancy: 18.4% — submarket-level availability is typically tighter at trophy tier.

Binjiang, Hangzhou office rents and availability

Binjiang is a trophy-tier Hangzhou submarket with average asking rent around ¥200/sqm/mo · ≈ $31 PSF/yr USD.

TL;DR

  • Average asking rent: ¥200/sqm/mo · ≈ $31 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ¥220/sqm/mo · ≈ $34.1 PSF/yr USD ($34 USD).
  • Citywide vacancy: 18.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Binjiang averages around ¥200/sqm/mo · ≈ $31 PSF/yr USD for Class A, against a citywide Class A index of 220. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Tech and e-commerce HQ corridor. Tech (NetEase), AI surveillance (Hikvision), e-commerce, gaming.

Key facts

cityHangzhou
submarketBinjiang
tiertrophy
averageRentLocal¥200/sqm/mo · ≈ $31 PSF/yr USD
cityClassARentUsd$34/sqft/yr
cityVacancyPct18.4%

Frequently asked questions

What is the average Class A rent in Binjiang, Hangzhou?
Around ¥200/sqm/mo · ≈ $31 PSF/yr USD. The citywide Class A index sits at ¥220/sqm/mo · ≈ $34.1 PSF/yr USD.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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