As of the second quarter of 2019, the average monthly rent in Shenzhen's Houhai business center was 26 Hong Kong dollars per square foot gross floor space. As an essential city in the China's Greater Bay Area, Shenzhen is home of many of China's high-tech companies, attracting lots of start-ups there.
Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019
(in Hong Kong dollars per square foot growth floor area)
Characteristic
Monthly rent in Hong Kong dollars per squre foot GFA
Net absorption is the total new square footage leased minus the total square footage of tenants that no longer occupy their suites in a given time period.
*Estimates.
Note: 1 Hong Kong dollar equals approximately 0.13 U.S. dollars and 0.12 euros (as of August 2019).
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JLL. (August 16, 2019). Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019 (in Hong Kong dollars per square foot growth floor area) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1042668/china-rent-in-the-fastest-growing-business-districts-in-the-greater-bay-area/
JLL. "Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019 (in Hong Kong dollars per square foot growth floor area)." Chart. August 16, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1042668/china-rent-in-the-fastest-growing-business-districts-in-the-greater-bay-area/
JLL. (2019). Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019 (in Hong Kong dollars per square foot growth floor area). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1042668/china-rent-in-the-fastest-growing-business-districts-in-the-greater-bay-area/
JLL. "Average Monthly Net Effective Rent in The Fastest-growing Business Districts in China's Greater Bay Area as of 2nd Quarter of 2019 (in Hong Kong Dollars per Square Foot Growth Floor Area)." Statista, Statista Inc., 16 Aug 2019, https://www.statista.com/statistics/1042668/china-rent-in-the-fastest-growing-business-districts-in-the-greater-bay-area/
JLL, Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019 (in Hong Kong dollars per square foot growth floor area) Statista, https://www.statista.com/statistics/1042668/china-rent-in-the-fastest-growing-business-districts-in-the-greater-bay-area/ (last visited November 21, 2024)
Average monthly net effective rent in the fastest-growing business districts in China's Greater Bay Area as of 2nd quarter of 2019 (in Hong Kong dollars per square foot growth floor area) [Graph], JLL, August 16, 2019. [Online]. Available: https://www.statista.com/statistics/1042668/china-rent-in-the-fastest-growing-business-districts-in-the-greater-bay-area/
