Qianjiang New CBD is a trophy-tier Class A submarket of Hangzhou with average asking rent around ¥312/sqm/mo · ≈ $48.3 PSF/yr USD.
Government and finance trophy core. · Tier: trophy · Avg rent: ¥312/sqm/mo · ≈ $48.3 PSF/yr USD
Qianjiang New CBD — south of West Lake along the Qiantang River — anchors Hangzhou's principal government and finance Class A trophy core. Citizen Center, Qianjiang International Times Square, and the post-2015 trophy tier.
Government, banking, financial services, professional services.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Hangzhou Metro Line 4/2 (Citizen Center, Qianjiang Lu).
Multi-modal transit captures the metro's principal professional catchment.
West Lake, Qiantang River, Citizen Center.
Qianjiang New CBD is one of 5 Class A submarkets we cover in Hangzhou, classified as trophy tier with an average asking rent around ¥312/sqm/mo · ≈ $48.3 PSF/yr USD. Compared with the broader Hangzhou Class A stock, Qianjiang New CBD typically attracts Government, banking, financial services, professional services and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Qianjiang New CBD: Future Sci-Tech City (Xixi), Binjiang, Wulin Square, Xiasha Economic Zone. The full Hangzhou submarket atlas is at /cities/hangzhou.
For an institutional Class A occupier evaluating Qianjiang New CBD, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Hangzhou Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.