RH-NJ-2025

Nanjing Rental Housing Market: 2021–2025 Evolution and 2025 Review

南京住房租賃市場：2021—2025年演進與2025年深度觀察

Nanjing rental housing market research, 2021–2025: Executive Summary, Research Scope and EILT Model; Policy evolution and operating impact; Market Scale and Product Supply; Rent, Occupancy and Demand Anchors; Capital Markets, Risks and Recommendations.

Key findings

1. Monitored supply reached about 44,100 units in 2025, up by roughly 6,000 from 2024.
2. Youth apartments represented about 27,700 units, or 62.7%, while rental communities contributed about 12,600 units, or 28.5%, together representing 91.2% of supply.
3. EILT Tiers 2 and 3 contained about 29,400 units, or 66.5%, and Tiers 1–3 contained about 39,100 units, or 88.6% of citywide supply.
4. Average rent was RMB 1.95 per sq m per day in 2025 and occupancy was 90.6%, with high-end apartments leading rent and dormitory-style apartments leading occupancy.
5. Citywide supply increased by about 11,400 units from 2023 to 2025, with youth apartments adding roughly 4,700 units and rental communities about 6,000 units, jointly driving most growth.
6. From 2021 to 2025, policy expanded from multiple supply channels to project recognition, urban-village quality, subsidised-housing management and urban-renewal provision.

What's inside

1. Executive Summary, Research Scope and EILT Model04—07
2. Policy evolution and operating impact08—17
3. Market Scale and Product Supply18—33
4. Rent, Occupancy and Demand Anchors34—46
5. Capital Markets, Risks and Recommendations47—51

Who it is for

• Real estate investors assessing Nanjing rental housing opportunities
• Property developers planning new supply projects
• Asset managers evaluating REIT potential in Nanjing
• Policy analysts studying housing regulation impacts