Hangzhou Class A vacancy is 18.4% with the market trending softening — pipeline visibility matters more than headline vacancy.

  • Headline vacancy: 18.4%; trend softening.
  • Trophy submarket (Future Sci-Tech City (Xixi)) typically clears at half headline vacancy.
  • New construction lead time is 36–60 months — pipeline is largely fixed for the next cycle.
  • Pre-let activity dominates the new-build pipeline.

Hangzhou Class A office availability and pipeline

Hangzhou Class A vacancy is 18.4% with the market trending softening — pipeline visibility matters more than headline vacancy.

TL;DR

  • Headline vacancy: 18.4%; trend softening.
  • Trophy submarket (Future Sci-Tech City (Xixi)) typically clears at half headline vacancy.
  • New construction lead time is 36–60 months — pipeline is largely fixed for the next cycle.
  • Pre-let activity dominates the new-build pipeline.

Headline vs trophy availability

Headline Hangzhou Class A vacancy of 18.4% includes a long tail of older, less-amenitised stock. The trophy tier in Future Sci-Tech City (Xixi) typically clears at materially below headline.

Pipeline visibility

Construction lead times of 36–60 months mean the next cycle's supply is already largely visible. Tracked pipeline includes 5 notable assets in Hangzhou.

Key facts

cityHangzhou
countryChina
regionAPAC
classARentLocal6.2 CNY/sqft/yr
classARentUsd$295/sqft/yr
vacancy18.4%
typicalLeaseYears5
typicalRentFreeMonths6
submarkets5
primeYieldPct5%

Frequently asked questions

Is Hangzhou Class A office tight right now?
Headline vacancy is 18.4%. Trophy is materially tighter; older Class A and Class B carry the long tail.

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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