# Hangzhou Class A office: frequently asked questions

> Quick reference: Hangzhou Class A rent is ¥220/sqm/mo · ≈ $34.1 PSF/yr USD ($34 USD), typical term 5 years, 6 months free.

**Canonical URL:** https://classa.info/cities/hangzhou/faq
**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
- Class A rent: ¥220/sqm/mo · ≈ $34.1 PSF/yr USD.
- Typical term: 5 years.
- Typical rent-free: 6 months.
- Vacancy: 18.4%.

## Key facts
- **city**: Hangzhou
- **country**: China
- **region**: APAC
- **classARentLocal**: ¥220/sqm/mo · ≈ $34.1 PSF/yr USD
- **classARentUsd**: $34/sqft/yr
- **vacancy**: 18.4%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 6
- **submarkets**: 5
- **primeYieldPct**: 5%

## FAQ
### What is the impact of Alibaba on the market?
Material and structural. Alibaba Group anchors the Future Sci-Tech City (Xixi) cluster and underwrites a deep ecosystem of suppliers, ant-financial subsidiaries, and post-IPO startup HQs.

### How does Hangzhou compare to Shanghai or Shenzhen?
Hangzhou offers material discount to Shanghai (~30-40%) and Shenzhen (~25-35%). E-commerce and fintech depth is comparable; broader financial services depth is shallower.

### What is the role of Future Sci-Tech City?
Future Sci-Tech City (anchored by Alibaba Xixi Park) is Hangzhou's principal post-2010 tech and innovation district. NetEase, Alibaba, and a deep AI/fintech cluster define the trophy tier.

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