Houhai (Nanshan) (trophy, ~¥320/sqm/mo · ≈ $49.6 PSF/yr USD) is one of 5 Shenzhen Class A submarkets we track.

  • Houhai (Nanshan) sits at trophy tier.
  • Average rent ¥320/sqm/mo · ≈ $49.6 PSF/yr USD vs city average 290.
  • Compared submarkets: Futian CBD (trophy), Qianhai Free Trade Zone (trophy), Luohu (prime).

Houhai (Nanshan) vs other Shenzhen submarkets

Houhai (Nanshan) (trophy, ~¥320/sqm/mo · ≈ $49.6 PSF/yr USD) is one of 5 Shenzhen Class A submarkets we track.

TL;DR

  • Houhai (Nanshan) sits at trophy tier.
  • Average rent ¥320/sqm/mo · ≈ $49.6 PSF/yr USD vs city average 290.
  • Compared submarkets: Futian CBD (trophy), Qianhai Free Trade Zone (trophy), Luohu (prime).

Side-by-side with peers

**Futian CBD** (trophy, ¥360/sqm/mo · ≈ $55.8 PSF/yr USD) — Shenzhen's trophy financial core. **Qianhai Free Trade Zone** (trophy, ¥280/sqm/mo · ≈ $43.4 PSF/yr USD) — Cross-border financial trophy frontier. **Luohu** (prime, ¥220/sqm/mo · ≈ $34.1 PSF/yr USD) — Legacy CBD bordering Hong Kong. **Bao'an Airport Corridor** (established, ¥160/sqm/mo · ≈ $24.8 PSF/yr USD) — Logistics and tech R&D belt.

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 other submarkets compete with Houhai (Nanshan) in Shenzhen?
Futian CBD, Qianhai Free Trade Zone, Luohu

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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