AI, Chip Firms Lift Office Markets in China’s Big Cities

▤ Summary

AI, computing power, and semiconductor firms are taking more office space in major Chinese cities and helping revive demand in core business districts. Vacancy rates in technology clusters in Shenzhen, Hangzhou, and other hubs have fallen as large tenants move out of incubators and into higher-grade towers. Some well-capitalized AI companies are even buying buildings for headquarters and operating space. The article says this demand is improving certain districts while traditional financial office areas remain weak. It also notes that the long-term impact may take time because many AI firms are still early in their hiring and financing cycles.

▦ Linked Companies

Z.ai

$50M to $100M