Report: The demand for Grade A office buildings in Shanghai is expected to increase seasonally in 2025, with supply pressure likely to ease marginally in 2026

"In 2025, the Shanghai office market will traverse the counter-cyclical period, and 2026 will be a key year for completing the transformation of old and new driving forces," said Huang Weiru, Managing Director of Knight Frank North China and East China, on January 15. Recently, several commercial real estate consulting firms have successively released reports for the fourth quarter of 2025 and the outlook for 2026. Overall, although the recovery speed of demand in the Shanghai Grade A office market in 2025 is slow, it shows a trend of gradual increase quarter by quarter. Looking ahead to 2026, reports from several commercial real estate consulting firms believe that the start of the 14th Five-Year Plan is expected to inject strong momentum into the market, promoting a more dynamic balance between supply and demand. (The Paper)