Hangzhou has 5 distinct Class A submarkets we track, anchored by Future Sci-Tech City (Xixi) at the trophy tier.
Hangzhou has 5 distinct Class A submarkets we track, anchored by Future Sci-Tech City (Xixi) at the trophy tier.
**Future Sci-Tech City (Xixi)** (trophy, ~¥360/sqm/mo · ≈ $55.8 PSF/yr USD) — Alibaba-anchored tech district. **Qianjiang New CBD** (trophy, ~¥312/sqm/mo · ≈ $48.3 PSF/yr USD) — Government and finance trophy core. **Binjiang** (trophy, ~¥312/sqm/mo · ≈ $48.3 PSF/yr USD) — Tech and e-commerce HQ corridor. **Wulin Square** (prime, ~¥264/sqm/mo · ≈ $40.9 PSF/yr USD) — Heritage retail and finance core. **Xiasha Economic Zone** (established, ~¥240/sqm/mo · ≈ $37.2 PSF/yr USD) — Eastern industrial and university Class A.
| 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% |
| trophyCount | 3 |
| primeCount | 1 |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.