Hongqiao CBD is a prime-tier Shanghai submarket with average asking rent around $38/sqft/yr.

  • Average asking rent: $38/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: ¥260/sqm/mo · ≈ $40.3 PSF/yr USD ($40 USD).
  • Citywide vacancy: 19.8% — submarket-level availability is typically tighter at prime tier.

Hongqiao CBD, Shanghai office rents and availability

Hongqiao CBD is a prime-tier Shanghai submarket with average asking rent around $38/sqft/yr.

TL;DR

  • Average asking rent: $38/sqft/yr.
  • Tier: prime.
  • Citywide Class A rent context: ¥260/sqm/mo · ≈ $40.3 PSF/yr USD ($40 USD).
  • Citywide vacancy: 19.8% — submarket-level availability is typically tighter at prime tier.

Where rent sits

Hongqiao CBD averages around $38/sqft/yr for Class A, against a citywide Class A index of 260. As a prime submarket, rent runs at or above city average with mostly tight availability.

Availability dynamics

Western airport-and-rail-linked CBD. Multinational HQs, logistics, exhibition-related businesses.

Key facts

cityShanghai
submarketHongqiao CBD
tierprime
averageRentLocal$38/sqft/yr
cityClassARentUsd$40/sqft/yr
cityVacancyPct19.8%

Frequently asked questions

What is the average Class A rent in Hongqiao CBD, Shanghai?
Around $38/sqft/yr. The citywide Class A index sits at ¥260/sqm/mo · ≈ $40.3 PSF/yr USD.

Related

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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