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In Depth: Shenzhen Gorged on Skyscrapers, Now It Faces a Commercial Property Glut

By Chen Bo and Wang Xintong
2025年11月28日 19:40
The southern metropolis, a symbol of China’s rapid economic development, is facing 30% vacancy rates for Grade A office space after stoking a years-long construction boom

Scores of glass-and-steel skyscrapers tower over Shenzhen, monuments to a two-decade surge of economic development. But the crowds of buildings surrounded by bustling streets hide a growing problem haunting the southern metropolis: swaths of vacant office space.

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