# Shanghai Class A Office Market

> Shanghai Class A office rents around ¥260/sqm/mo · ≈ $40.3 PSF/yr USD, with 19.8% vacancy and 8 months of typical rent-free on a 3-year term.

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

## TL;DR
- Pudong / Lujiazui anchors international financial services.
- Puxi's Jing'an cluster anchors luxury and tech HQs.
- Class A vacancy 18-22% — tenant-favorable cycle.
- Concessions rich: 6-12 months free on a 3-year term.
- ESG (LEED / China Green Building) certification standard for new build.

## Key facts
- **city**: Shanghai
- **country**: China
- **region**: APAC
- **classARentLocal**: ¥260/sqm/mo · ≈ $40.3 PSF/yr USD
- **classARentUsd**: $40.29022937782774/sqft/yr
- **vacancyPct**: 19.8%
- **typicalLeaseYears**: 3
- **typicalRentFreeMonths**: 8
- **submarkets**: 5
- **corporateTaxPct**: 25%
- **talentIndex**: 76

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