The Zhitong Finance App learned that JLL released China's Grade A office market review and outlook for the first half of 2026. In the first half of 2026, the pace of new supply of new office buildings in China's first-tier cities gradually slowed down, the pressure to remove market stocks was briefly relieved, and the overall vacancy rate declined slightly. The total construction area added to the market in first-tier cities reached 802,000 square meters in the first half of the year, showing a significant decline from the same period last year. Short-term incremental supply contraction created a favorable window for market restoration. However, from a full-year perspective, market supply pressure is still prominent — it is expected that in the second half of 2026, first-tier cities will centrally enter the market with an additional area of 3,036 million square meters. Large-scale incremental implementation will push the overall supply trend throughout the year, and competitive pressure on the market will continue to increase in the future.

The Zhitong Finance App learned that JLL released China's Grade A office market review and outlook for the first half of 2026. In the first half of 2026, the pace of new supply of new office buildings in China's first-tier cities gradually slowed down, the pressure to remove market stocks was briefly relieved, and the overall vacancy rate declined slightly. The total construction area added to the market in first-tier cities reached 802,000 square meters in the first half of the year, showing a significant decline from the same period last year. Short-term incremental supply contraction created a favorable window for market restoration. However, from a full-year perspective, market supply pressure is still prominent — it is expected that in the second half of 2026, first-tier cities will centrally enter the market with an additional area of 3,036 million square meters. Large-scale incremental implementation will push the overall supply trend throughout the year, and competitive pressure on the market will continue to increase in the future.