The Greater Bay Area: Potentially the World’s Largest Bay Area Economy
The Guangdong-Hong Kong-Macau Greater Bay Area, also known as the Greater Bay Area (GBA), comprises nine cities in Guangdong Province (Shenzhen, Guangzhou, Foshan, Dongguan, Zhuhai, Zhongshan, Huizhou, Zhaoqing and Jiangmen) and two special administrative regions (Hong Kong and Macau). Supported by government policies and new infrastructure development, the GBA is well placed to emerge as the world’s largest bay area economy.
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Office
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56,000
71.2
1.6
The GBA accounts for just 0.6% and 5% of China’s land area and population, respectively, but comprises 12% of the country’s GDP, meaning that it exceeds the economic efficiency of the two other major city clusters in China—Jing Jin Ji and Yangtze River Delta.
While the GBA’s GDP per capita currently lags that of the world’s three major bay areas of Tokyo, New York and San Francisco, and some of the lower-tier cities in the region continue to focus on traditional manufacturing, the further integration of the GBA will have a strong spill-over effect and result in significant industrial upgrading. This will accelerate the follow of tenant, logistics, information and capital in the area, thus increasing demand for real estate.
Source: Government statistical departments in the relevant jurisdictions; HKTDC; CBRE Research
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CBRE’s footprint in the Greater Bay Area
With the industry’s most powerful global platform and the deepest local-market insights, CBRE leverages a fully integrated suite of services that enable better real estate decision-making and drive consistently superior outcomes for our clients.
Simply put, we know the commercial real estate industry in the GBA.
We are here to help you transform your real estate into real advantage in the GBA.
Greater Bay Area Offices
CBRE Hong Kong
Level 27, One Pacific Place,88 Queensway, Admiralty
Hong Kong
CBRE Hong Kong
Level 27, One Pacific Place,88 Queensway, Admiralty
Hong Kong
Shenzhen Office
Suite 1601, Tower Two, Kerry Plaza 11 Zhongxinsi Road, Futian District
Shenzhen
Guangzhou Office
Suite 804, R&F Centre10 Huaxia Road, Pearl River New City, Tianhe District
Guangzhou
Greater Bay Area Infrastructure Outlook
The Guangdong-Hong Kong-Macau Greater Bay Area
