# Shenzhen Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/shenzhen
**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
- 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.

## Key facts
- **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

## FAQ
### What is the Qianhai Free Trade Zone?
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.

### How significant is Tencent as a tenant?
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.

### What is the cross-border context with Hong Kong?
Futian and West Kowloon are connected via the Futian-West Kowloon high-speed rail (~14 minutes). Daily cross-border professional commuting is now common.

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