Houhai (Nanshan) trophy buildings deliver a high-end Cat-A baseline; tenant fit-out typically lands in the High-end or Trophy bands.
Houhai (Nanshan) trophy buildings deliver a high-end Cat-A baseline; tenant fit-out">fit-out typically lands in the High-end or Trophy bands.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
City-wide Shenzhen fit-out bands: Basic $1400–2100/sqft, Mid $2200–3300/sqft, High-end $3400–5000/sqft, Trophy $5000–7400/sqft.
| city | Shenzhen |
|---|---|
| submarket | Houhai (Nanshan) |
| tier | trophy |
| averageRentLocal | ¥320/sqm/mo · ≈ $49.6 PSF/yr USD |
| cityClassARentUsd | $45/sqft/yr |
| cityVacancyPct | 24.8% |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.