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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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
+852 2820 2800

CBRE Hong Kong

Level 27, One Pacific Place,
88 Queensway, Admiralty
Hong Kong
+852 2820 2800

Shenzhen Office

Suite 1601, Tower Two, Kerry Plaza 1
1 Zhongxinsi Road, Futian District
Shenzhen
+86 755 8282 0000
+86 755 2399 5370​ ​​​​​​​​​​​​​​​​​​​​​​​​​

Guangzhou Office

Suite 804, R&F Centre​
10 Huaxia Road, Pearl River New City, Tianhe District
Guangzhou
+86 20 2883 9200
+86 20 2883 9248

Greater Bay Area Infrastructure Outlook

The Guangdong-Hong Kong-Macau Greater Bay Area

The Rise of China’s Pioneering City Cluster into the World’s Largest Bay Area Economy

 

 

 

Insights, Perspectives and Ideas

China's New Era of Manufacturing: Why the Next Wave of Upgrading Will Transform the Industrial Property Market

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The REITs Pilot Scheme: Implications for Real Estate

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Asia Pacific Retail Flash Survey - Mainland China

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CHINA'S RESPONSE TO COVID-19: Lessons for Landlords and Occupiers

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Greater China Major Report - Greater China Real Estate Market Outlook 2020

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Greater China ViewPoint - The Coronavirus (COVID-19) Outbreak: What Does it Mean for Real Estate?

3 February 2020
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Greater China Major Report - Greater China Real Estate Market Outlook 2019

The Guangdong-Hong Kong-Macau Greater Bay Area

The Rise of China’s Pioneering City Cluster into the World’s Largest Bay Area Economy

Greater China Major Report - Borderless: China Capital Market Report 2018

4 September 2018
4 September 2018