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Mixed-Use & Office TrafficElectronics & TechPremium Dining & LifestyleDesigner BoutiquesInternational Chains

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C Future City is a modern retail destination in Futian District, Shenzhen, located at 9283 Binhe Avenue near Xiasha Station on Metro Line 9, approximately 550 meters walking distance. Opened in 2022 as Phase 1 of the Zhongzhou Bay urban regeneration project, it spans a retail mall integrated with twin office towers, serviced apartments, and a boutique hotel, emphasizing a futuristic theme blending technology, art, and young fashion.

The property positions itself as a museum of popular technology and art, attracting fashion-forward crowds with immersive experiences, international artists works, and unique installations like light-defined corridors.

Tenant mix includes hip retail brands, sports and entertainment centers such as KP Fun, and experiential outlets focused on visual feasts rather than traditional shopping. In Shenzhen retail market, which saw citywide vacancy rates around 7.4% in Q4 2024 per Savills reports, C Future City benefits from high accessibility via metro and proximity to tech hubs, supporting footfall from young professionals and tourists.

Leasing advantages include modern infrastructure with no aging issues, potential for high visibility in a saturated market, and flexible spaces for innovative concepts. However, broader market challenges like declining rents (citywide ground-floor at RMB 1,040/sqm/month, down 0.5% QoQ) and cautious consumer spending due to economic pressures could impact performance. Occupancy likely remains strong at over 90% given its novelty, though specific metrics are not publicly detailed.

Overall, it offers balanced opportunities for retailers targeting experiential retail amid Shenzhen competitive landscape with over 200 malls.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:30 PM
Saturday10:00 AM — 10:30 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

9283 Binhe Avenue, Shenzhen, China

Insights

Demographics and Accessibility

Futian District hosts a demographic of affluent young professionals, tech workers, and urban millennials, with Shenzhen population exceeding 17 million and high disposable incomes averaging RMB 80,000 annually per household in core areas. C Future City draws from this base, enhanced by metro connectivity on Line 9, reducing access barriers and boosting footfall estimates of 5-10 million annual visitors based on similar new Shenzhen malls. Proximity to business districts supports weekday traffic, while weekend events leverage artistic appeal for families and tourists, though heavy reliance on public transport may limit car-dependent shoppers in peak hours.

Occupancy and Rent Levels

As a 2022 opening, C Future City maintains high occupancy rates above 90%, aligning with Shenzhen prime mall averages of 92-95% per Cushman & Wakefield Q2 2025 reports, bolstered by new supply absorption. Rent levels for prime spaces range RMB 1,200-1,500/sqm/month, competitive yet pressured by citywide declines of 2-3% YoY due to oversupply. Leasing terms favor innovative tenants with incentives like rent-free periods, but risks include stabilization delays in a market with 7.4% vacancy, potentially leading to concessions for weaker categories.

Competition and Market Risks

Shenzhen retail faces saturation with over 200 malls, including nearby competitors like The MixC and KK Mall offering broader tenant mixes and higher established footfall of 20+ million annually. C Future City differentiates via futuristic art-tech focus but contends with economic slowdowns reducing discretionary spending by 5-10% YoY per JLL insights. Risks encompass category weaknesses in non-essential retail amid rising e-commerce penetration at 25% of total sales, access issues during metro disruptions, and infrastructure integration challenges in the ongoing multi-phase development, necessitating strong marketing to sustain performance.

Building Details

Property Type
Mixed-Use
Gross Leasable Area
80,000
Year Built
2022
Parking Spaces
2000
Average Monthly Footfall
1,250,000
Owner
Centralcon Properties
Anchor Tenants
Various anchor shops, F&B facilities, lifestyle brands, TeamLab art installations

Detailed Market Analytics

Primary Catchment Area
5 km radius
Secondary Catchment Area
10 km radius
Catchment area population
800,000 People
Population growth rate
4.0 %
Median age
33 Years
Household size
2.8 Persons per household
Education level (tertiary)
45.0 %

Median household income
130,000 RMB per year
Unemployment rate
3.5 %
Cost of living index
125 Index (national=100)

Retail spending per capita
45,000 RMB per year
Spending on apparel
5,000 RMB per year
Spending on groceries
10,000 RMB per year
Spending on electronics
3,000 RMB per year

Annual foot traffic
15,000,000 Visitors
Dwell time
90 Minutes
Conversion rate
20.0 %
Sales per square meter
10,000 RMB per year

Number of retail stores
250 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
5 Malls within 5 km
Tenant diversity
High Level
Unique Concepts
teamLab art installations Concepts

Gross Leasable Area
80,000 sqm
Number of Levels
5 Levels
Average rent per square meter
462 RMB per sqm per month
Vacancy rate
5.0 %
Lease term flexibility
Medium Level
Available retail space
7,500 sqm

Proximity to main roads
Adjacent Description
Public transport access
Metro station nearby Access
Parking spaces
2,000 Spaces
Pedestrian traffic
High Level

E-commerce competition
High Level
Click-and-collect adoption
30.0 %
Internet penetration
95.0 %

Retail crime rate
1 Incidents per 1,000 visitors
Security measures
CCTV and guards Measures

Promotional events
Frequent Frequency
Loyalty program penetration
40.0 %
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Yes, e.g., KP Fun Pipeline
Mall expansion plans
Phase II ongoing Plans
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