One Out of Every Four Office Units Vacant in Shenzhen

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BEIJING, October 23 (TMTPost) – One out of four office units was empty in Shenzhen, the tech hub bordering Hong Kong, in the third quarter of 2023, according to reports by Cushman & Wakefield and other major institutions.Shenzhen had the highest vacancy rates among four tier-1 cities that include Beijing, Shanghai, Guangzhou, and Shenzhen, but other cities did not do well either.The poor performance in the seco