Hongqiao CBD (prime, ~$38/sqft/yr) is one of 5 Shanghai Class A submarkets we track.

  • Hongqiao CBD sits at prime tier.
  • Average rent $38/sqft/yr vs city average 260.
  • Compared submarkets: Lujiazui (Pudong) (trophy), Jing'an (prime), Huaihai & Xintiandi (prime).

Hongqiao CBD vs other Shanghai submarkets

Hongqiao CBD (prime, ~$38/sqft/yr) is one of 5 Shanghai Class A submarkets we track.

TL;DR

  • Hongqiao CBD sits at prime tier.
  • Average rent $38/sqft/yr vs city average 260.
  • Compared submarkets: Lujiazui (Pudong) (trophy), Jing'an (prime), Huaihai & Xintiandi (prime).

Side-by-side with peers

**Lujiazui (Pudong)** (trophy, ¥280/sqm/mo · ≈ $43.4 PSF/yr USD) — Mainland China's banking spine. **Jing'an** (prime, ¥240/sqm/mo · ≈ $37.2 PSF/yr USD) — Puxi's premier corporate HQ corridor. **Huaihai & Xintiandi** (prime, ¥220/sqm/mo · ≈ $34.1 PSF/yr USD) — Boutique HQs in repositioned Shikumen stock. **Qiantan** (prime, $35/sqft/yr) — Pudong's emerging southern CBD.

Key facts

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

Frequently asked questions

What other submarkets compete with Hongqiao CBD in Shanghai?
Lujiazui (Pudong), Jing'an, Huaihai & Xintiandi

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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