Houhai (Nanshan) is a trophy-tier Shenzhen submarket with average asking rent around ¥320/sqm/mo · ≈ $49.6 PSF/yr USD.

  • Average asking rent: ¥320/sqm/mo · ≈ $49.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ¥290/sqm/mo · ≈ $44.9 PSF/yr USD ($45 USD).
  • Citywide vacancy: 24.8% — submarket-level availability is typically tighter at trophy tier.

Houhai (Nanshan), Shenzhen office rents and availability

Houhai (Nanshan) is a trophy-tier Shenzhen submarket with average asking rent around ¥320/sqm/mo · ≈ $49.6 PSF/yr USD.

TL;DR

  • Average asking rent: ¥320/sqm/mo · ≈ $49.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ¥290/sqm/mo · ≈ $44.9 PSF/yr USD ($45 USD).
  • Citywide vacancy: 24.8% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Houhai (Nanshan) averages around ¥320/sqm/mo · ≈ $49.6 PSF/yr USD for Class A, against a citywide Class A index of 290. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Tech trophy frontier. Tech (Tencent, Huawei satellites), AI, professional services, consulting.

Key facts

cityShenzhen
submarketHouhai (Nanshan)
tiertrophy
averageRentLocal¥320/sqm/mo · ≈ $49.6 PSF/yr USD
cityClassARentUsd$45/sqft/yr
cityVacancyPct24.8%

Frequently asked questions

What is the average Class A rent in Houhai (Nanshan), Shenzhen?
Around ¥320/sqm/mo · ≈ $49.6 PSF/yr USD. The citywide Class A index sits at ¥290/sqm/mo · ≈ $44.9 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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