How many Class A submarkets are in Shanghai?

5, ranging from trophy (Lujiazui (Pudong)) down to established and emerging clusters.

Shanghai has 5 distinct Class A submarkets we track, anchored by Lujiazui (Pudong) at the trophy tier.

5 submarkets covered.
Trophy tier: Lujiazui (Pudong).
Prime tier: Jing'an, Huaihai & Xintiandi, Hongqiao CBD, Qiantan.
Established/emerging tier: —.

Shanghai Class A submarkets

Shanghai has 5 distinct Class A submarkets we track, anchored by Lujiazui (Pudong) at the trophy tier.

TL;DR

5 submarkets covered.
Trophy tier: Lujiazui (Pudong).
Prime tier: Jing'an, Huaihai & Xintiandi, Hongqiao CBD, Qiantan.
Established/emerging tier: —.

By tier

**Lujiazui (Pudong)** (trophy, ~¥280/sqm/mo · ≈ $43.4 PSF/yr USD) — Mainland China's banking spine. **Jing'an** (prime, ~¥240/sqm/mo · ≈ $37.2 PSF/yr USD) — Puxi's premier corporate HQ corridor. **Huaihai & Xintiandi** (prime, ~¥220/sqm/mo · ≈ $34.1 PSF/yr USD) — Boutique HQs in repositioned Shikumen stock. **Hongqiao CBD** (prime, ~$38/sqft/yr) — Western airport-and-rail-linked CBD. **Qiantan** (prime, ~$35/sqft/yr) — Pudong's emerging southern CBD.

Key facts

city	Shanghai
country	China
region	APAC
classARentLocal	880 CNY/sqft/yr
classARentUsd	$122/sqft/yr
vacancy	19.8%
typicalLeaseYears	3
typicalRentFreeMonths	8
submarkets	5
primeYieldPct	4.4%
trophyCount	1
primeCount	4

Frequently asked questions

How many Class A submarkets are in Shanghai?: 5, ranging from trophy (Lujiazui (Pudong)) down to established and emerging clusters.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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