Moving into Hangzhou from another Tier 1 market means re-baselining occupancy economics in CNY, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Hangzhou from another Tier 1 market means re-baselining occupancy economics in CNY, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Hangzhou rent is 6.2 CNY/sqft/yr ($295 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Chinese gross structure (rent inclusive of property management fees and government surcharges). 3-5 year terms standard. Rent-free of 3-6 months on 5-year terms plus CNY 1500-3000/sqm TI typical. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Hangzhou project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| 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% |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.