Zhongzhi Research Institute: In Q4 2025, key cities' office rental prices decreased by 0.44% quarter-on-quarter, with a total decline of 1.82% for the year.

Gelonghui February 23 | In 2025, the supply of office buildings in some cities will increase compared to 2024, but demand remains relatively weak. The market oversupply situation is intensifying, and office rental prices continue to decline. According to survey data from major business districts’ office leasing samples in key cities nationwide, in the fourth quarter of 2025, the average rent for office buildings in major business districts of key cities nationwide was 4.53 yuan per square meter per day, a month-on-month decrease of 0.44%. The decline widened by 0.11 percentage points compared to the third quarter. The annual total decrease was 1.82%, with the total decline narrowing by 0.03 percentage points compared to the entire year of 2024.

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