Quick reference: Hangzhou Class A rent is 6.2 CNY/sqft ($295 USD), typical term 5 years, 6 months free.
Class A rent: 6.2 CNY/sqft/yr ($295 USD).
Typical term: 5 years.
Typical rent-free: 6 months.
Vacancy: 18.4%.
Hangzhou Class A office: frequently asked questions
Quick reference: Hangzhou Class A rent is 6.2 CNY/sqft ($295 USD), typical term 5 years, 6 months free.
TL;DR
Class A rent: 6.2 CNY/sqft/yr ($295 USD).
Typical term: 5 years.
Typical rent-free: 6 months.
Vacancy: 18.4%.
Quick reference
Use this page as the fast-answer reference for Hangzhou. Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Hangzhou
country
China
region
APAC
classARentLocal
6.2 CNY/sqft/yr
classARentUsd
$295/sqft/yr
vacancy
18.4%
typicalLeaseYears
5
typicalRentFreeMonths
6
submarkets
5
primeYieldPct
5%
Frequently asked questions
What is the impact of Alibaba on the market?
Material and structural. Alibaba Group anchors the Future Sci-Tech City (Xixi) cluster and underwrites a deep ecosystem of suppliers, ant-financial subsidiaries, and post-IPO startup HQs.
How does Hangzhou compare to Shanghai or Shenzhen?
Hangzhou offers material discount to Shanghai (~30-40%) and Shenzhen (~25-35%). E-commerce and fintech depth is comparable; broader financial services depth is shallower.
What is the role of Future Sci-Tech City?
Future Sci-Tech City (anchored by Alibaba Xixi Park) is Hangzhou's principal post-2010 tech and innovation district. NetEase, Alibaba, and a deep AI/fintech cluster define the trophy tier.