Recently, CBRE released the “Chengdu Real Estate Market Review for the Third Quarter of 2024", showing that during the season, the Chengdu high-quality office market ushered in intensive supply, adding a total area of about 325,000 square meters, which is the largest supply in a single quarter in the past ten years. Demand continued to weaken during the quarter, and hot weather had a certain impact on business activities. The net absorption volume was only 16,000 square meters, a decrease of 59.5%; the overall vacancy rate in the market rose 2.3 percentage points to 26.5% month-on-month; and the vacancy rate for grade A office buildings rose 3.3 percentage points month-on-month to 33.7%. However, focusing on the demand side, as an important central city in the western region, Chengdu is still a strategic center for domestic and foreign enterprises to lay out in the west.

Recently, CBRE released the “Chengdu Real Estate Market Review for the Third Quarter of 2024", showing that during the season, the Chengdu high-quality office market ushered in intensive supply, adding a total area of about 325,000 square meters, which is the largest supply in a single quarter in the past ten years. Demand continued to weaken during the quarter, and hot weather had a certain impact on business activities. The net absorption volume was only 16,000 square meters, a decrease of 59.5%; the overall vacancy rate in the market rose 2.3 percentage points to 26.5% month-on-month; and the vacancy rate for grade A office buildings rose 3.3 percentage points month-on-month to 33.7%. However, focusing on the demand side, as an important central city in the western region, Chengdu is still a strategic center for domestic and foreign enterprises to lay out in the west.