Shanghai’s Office Vacancy Rate Tops the World: Foreign Firms Flee, Local Firms Fold—Now a Ghost City
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Video filmed by this vlogger in Zhenru shows just how deserted the buildings are. Few people can be seen in the wide hallways or elevator lobbies. Across the street, the lights are dim, with almost no sign of office activity. This landmark complex, about 660 to 755 feet (200 to 230 meters) tall, was once expected to become a new business hub for Putuo District and western Shanghai. But within just a few years, the excitement surrounding its launch has given way to silence.
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