What is the average Class A rent in Guangzhou?

Around 240 CNY/sqft/yr ($33 USD) across the broader Class A index. Trophy submarkets like Zhujiang New Town command 20–40% above that.

How many months of rent-free are normal in Guangzhou?

8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Guangzhou?

The Guangzhou Class A market is currently softening. Vacancy is 19.6%, which sets the negotiating context.

Headline Class A rent in Guangzhou is around 240 CNY/sqft/yr ($33 USD), with 8 months of typical rent-free on a 5-year term.

Headline Class A rent: 240 CNY/sqft/yr ($33 USD).
Trophy submarket rents (Zhujiang New Town) push to roughly ¥290/sqm/mo · ≈ $44.9 PSF/yr USD.
Typical concessions on a 5-year deal: 8 months free rent.
Vacancy stands at 19.6% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Guangzhou Class A office rents and incentives

Headline Class A rent in Guangzhou is around 240 CNY/sqft/yr ($33 USD), with 8 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 240 CNY/sqft/yr ($33 USD).
Trophy submarket rents (Zhujiang New Town) push to roughly ¥290/sqm/mo · ≈ $44.9 PSF/yr USD.
Typical concessions on a 5-year deal: 8 months free rent.
Vacancy stands at 19.6% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Guangzhou are quoted in CNY per sqft per year. Across the broad Class A index the figure is 240, but the trophy tier in Zhujiang New Town reaches roughly ¥290/sqm/mo · ≈ $44.9 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Guangzhou concessions on a 5-year Class A lease run to 8 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 25% standard Chinese corporate income tax. HNTE (15%) and Nansha New Area incentives available.

Where rents land by submarket

Zhujiang New Town sits at the top end (~¥290/sqm/mo · ≈ $44.9 PSF/yr USD). Tianhe North clears around ¥200/sqm/mo · ≈ $31 PSF/yr USD as the prime tier. Yuexiu (Historic CBD) represents the value end at ~¥150/sqm/mo · ≈ $23.2 PSF/yr USD. The full submarket map is on the Guangzhou city page.

Key facts

city	Guangzhou
country	China
region	APAC
classARentLocal	240 CNY/sqft/yr
classARentUsd	$33/sqft/yr
vacancy	19.6%
typicalLeaseYears	5
typicalRentFreeMonths	8
submarkets	5
primeYieldPct	5.5%
trophyRent	¥290/sqm/mo · ≈ $44.9 PSF/yr USD
primeRent	¥200/sqm/mo · ≈ $31 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Guangzhou?: Around 240 CNY/sqft/yr ($33 USD) across the broader Class A index. Trophy submarkets like Zhujiang New Town command 20–40% above that.
How many months of rent-free are normal in Guangzhou?: 8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Guangzhou?: The Guangzhou Class A market is currently softening. Vacancy is 19.6%, which sets the negotiating context.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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