Shanghai's 24.5% office vacancy rate tops a 20-city comparison

Nikkei Asia, citing CBRE, reports that Shanghai's office vacancy rate reached 24.5% in the second quarter of 2026, the highest among 20 cities in the data. The rate was up 5.1 percentage points from late 2019. Nikkei Asia points to slower spending by overseas companies as a major factor. China's net foreign direct investment fell 23% from the previous quarter, according to the State Administration of Foreign Exchange.