{
  "url": "https://classa.info/cities/shenzhen",
  "title": "Shenzhen Class A Office Market",
  "description": "China's tech capital with deep Tencent, Huawei, and DJI tenancy.",
  "oneSentenceAnswer": "Shenzhen Class A office rents around ¥290/sqm/mo · ≈ $44.9 PSF/yr USD, with 24.8% vacancy and 10 months of typical rent-free on a 5-year term.",
  "tldr": [
    "Trophy product in Futian and Houhai trades at CNY 290-380/sqm/month.",
    "Tencent, Huawei, BYD, DJI anchor structural demand.",
    "Vacancy elevated post-2022 driven by tech sector right-sizing.",
    "Qianhai Free Trade Zone offers significant tax incentives."
  ],
  "keyFacts": {
    "city": "Shenzhen",
    "country": "China",
    "region": "APAC",
    "classARentLocal": "¥290/sqm/mo · ≈ $44.9 PSF/yr USD",
    "classARentUsd": "$44.93910199834633/sqft/yr",
    "vacancyPct": "24.8%",
    "typicalLeaseYears": 5,
    "typicalRentFreeMonths": 10,
    "submarkets": 5,
    "corporateTaxPct": "25%",
    "talentIndex": 88
  },
  "faqs": [
    {
      "question": "What is the Qianhai Free Trade Zone?",
      "answer": "Qianhai is a special economic zone offering 15% corporate tax for qualifying enterprises (HNTE-equivalent), CEPA preferences for Hong Kong service providers, and streamlined cross-border RMB regulation."
    },
    {
      "question": "How significant is Tencent as a tenant?",
      "answer": "Material. Tencent's Seafront Towers anchor Houhai; the new Tencent Net City (4M sqm+) is the largest single-tenant Class A campus in China outside Beijing."
    },
    {
      "question": "What is the cross-border context with Hong Kong?",
      "answer": "Futian and West Kowloon are connected via the Futian-West Kowloon high-speed rail (~14 minutes). Daily cross-border professional commuting is now common."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/shenzhen), updated 2026-04-15T00:00:00.000Z."
}