business / news / / Livemint
Since a property bubble burst in 2021, sales, prices and investment in residential and commercial real estate have tumbled.
Over 40% of grade-A offices are empty in some inland Chinese cities like Wuhan.
KEY POINTS
- In March, AI firm demand for prime office space in China tripled year-on-year, per UBS.
- Vacancy rates in Hangzhou and Shenzhen's high-end offices peaked at 30% in late 2025.
- Hangzhou's local government is offering rent subsidies to innovative firms to boost occupancy.
- Recent AI-related office demand is mostly for support staff, not engineers, who are at risk of automation.
COMPANIES
Summarized by Newsio from Livemint. How we summarize →