{
  "url": "https://classa.info/cities/shenzhen/rents-and-incentives",
  "title": "Shenzhen Class A office rents and incentives",
  "description": "Class A asking rents, concessions, free rent, and tenant improvement allowances in Shenzhen.",
  "oneSentenceAnswer": "Headline Class A rent in Shenzhen is around ¥290/sqm/mo · ≈ $44.9 PSF/yr USD, with 10 months of typical rent-free on a 5-year term.",
  "tldr": [
    "Headline Class A rent: ¥290/sqm/mo · ≈ $44.9 PSF/yr USD.",
    "Trophy submarket rents (Futian CBD) push to roughly ¥360/sqm/mo · ≈ $55.8 PSF/yr USD.",
    "Typical concessions on a 5-year deal: 10 months free rent.",
    "Vacancy stands at 24.8% — market trend is softening.",
    "Use effective rent (face minus PV of concessions), not headline, to compare deals."
  ],
  "keyFacts": {
    "city": "Shenzhen",
    "country": "China",
    "region": "APAC",
    "classARentLocal": "¥290/sqm/mo · ≈ $44.9 PSF/yr USD",
    "classARentUsd": "$45/sqft/yr",
    "vacancy": "24.8%",
    "typicalLeaseYears": 5,
    "typicalRentFreeMonths": 10,
    "submarkets": 5,
    "primeYieldPct": "5.4%",
    "trophyRent": "¥360/sqm/mo · ≈ $55.8 PSF/yr USD",
    "primeRent": "¥220/sqm/mo · ≈ $34.1 PSF/yr USD"
  },
  "faqs": [
    {
      "question": "What is the average Class A rent in Shenzhen?",
      "answer": "Around ¥290/sqm/mo · ≈ $44.9 PSF/yr USD across the broader Class A index. Trophy submarkets like Futian CBD command 20–40% above that."
    },
    {
      "question": "How many months of rent-free are normal in Shenzhen?",
      "answer": "10 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher."
    },
    {
      "question": "Are rents rising or falling in Shenzhen?",
      "answer": "The Shenzhen Class A market is currently softening. Vacancy is 24.8%, which sets the negotiating context."
    }
  ],
  "pageType": "city-topic",
  "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/rents-and-incentives), updated 2026-04-15T00:00:00.000Z."
}