[Photo: Renato Marques]
The average rent per square meter of usable area declined slightly in the first quarter of 2026, according to information from the Statistics and Census Service (DSEC).
Residential rents remained relatively stable, falling 0.4% quarter over quarter to MOP140.
Leading the decline were industrial (MOP117) and office units (MOP274), which fell by 2.2% and 1.5%, respectively.
Rents for shops (MOP467) also declined, down 1.2% quarter over quarter compared with Q4 2025.
In terms of location, average rents for residential units in “Barca” (MOP119) and “Baixa de Macau” (MOP119) fell by 1.5% and 0.3%, respectively, quarter over quarter, while rents in “NAPE and Aterros da Baía da Praia Grande” (MOP148) and “ZAPE” (MOP123) rose by 0.8% and 0.7%, respectively.
In terms of usable area, average rent for residential units measuring 50 to 99.9 square meters (MOP139) dropped 0.6% from the previous quarter. By comparison, rents for units measuring 100 to 149.9 square meters (MOP130) and 150 square meters or more (MOP124) both rose 0.2%.
Shops in “Barca” (MOP306) and “Horta e Costa and Ouvidor Arriaga” (MOP443) posted quarter-over-quarter declines of 2.4% and 1.1%, respectively, due to relatively low rents on new leases. Meanwhile, average rents in “Baixa de Macau” (MOP656) and “Areia Preta and Iao Hon” (MOP439) increased 1.2% and 0.7%, respectively.
Year-over-year trends clearer
Compared with the same quarter of 2025, average rent for residential units rose 0.9%. In contrast, average rents for office units, industrial units, and shops fell 5.3%, 4.7%, and 3.4%, respectively.
According to DSEC, the “Data on Rental Statistics” are obtained from declarations of real estate leasing for property tax purposes submitted to the Financial Services Bureau.
The type of building unit is classified by end use in property registration.
Statistical coverage includes rental of entire building units with an unexpired lease, excluding units owned by the government or charitable organizations.
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