Cushman & Wakefield · Full chronicle and history

A report released by Cushman & Wakefield shows that by the end of 2025, the vacancy rate for Grade A office buildings in Shanghai reached 23%, while Shenzhen's rate at one point exceeded 30%, reflecting a phenomenon of job losses and personnel outflow.

According to Cushman & Wakefield data, in April 2026 the vacancy rate for Grade A offices in Kowloon East rose to 20.7%, the highest in all of Hong Kong. In 2025, Kowloon East rents fell 7.9%, while Hong Kong Island East fell 10.5%.