Chinese gross structure (rent inclusive of property management fees).

  • Typical lease length: 5 years.
  • Typical rent-free: 8 months.
  • Vacancy: 22.6%; trend softening.
  • Chinese gross structure (rent inclusive of property management fees).

Chengdu office lease norms

Chinese gross structure (rent inclusive of property management fees).

TL;DR

  • Typical lease length: 5 years.
  • Typical rent-free: 8 months.
  • Vacancy: 22.6%; trend softening.
  • Chinese gross structure (rent inclusive of property management fees).

Structure

Chinese gross structure (rent inclusive of property management fees). 3-5 year terms standard. Rent-free of 6-10 months on 5-year terms plus CNY 1200-2500/sqm TI typical.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

cityChengdu
countryChina
regionAPAC
classARentLocal4.8 CNY/sqft/yr
classARentUsd$228/sqft/yr
vacancy22.6%
typicalLeaseYears5
typicalRentFreeMonths8
submarkets5
primeYieldPct5.6%

Frequently asked questions

What's a typical lease term in Chengdu?
5 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Chengdu?
In CNY/sqft/year. We also publish a USD-normalised view ($228/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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