On the night of September 9, 2026, a nearly four-minute video shot inside an office building in Shanghai's Lujiazui area was circulated on X. The camera panned from the brightly lit exterior of the building to the interior, passing through multiple office areas. The publicly available video showed that some areas near the windows were still lit, but many floors and offices were empty or showed no signs of being occupied.
This video cannot be used to conclude that the entire Lujiazui area is empty, nor can it be used to calculate the vacancy rate of office buildings in Shanghai based on a single building sample. Its true news value lies in providing a specific and direct snapshot of the scene: the lights on the city skyline can create a prosperous visual effect, but the lit lights do not automatically mean that enterprises are operating, seats are filled, and there is real business demand.
The most striking part of the video is not a certain empty office, but the visual contrast. Lujiazui has long been a symbol of Shanghai's international financial center, with skyscrapers, lights, and glass walls forming the most common "modern" symbol in China's official urban propaganda. However, when the camera was taken from the outside to the inside, a gap appeared between the lighting and the real usage.
"A building with many lit lights is a cityscape; a building with many enterprises, employees, and real rental demand is the economy. Treating the former as the latter is treating visual engineering as an economic indicator."
Market data provides a broader context.
原始来源 · cbre.com.cnCBRE:Shanghai Figures Q2 2026CBRE公布2026年第二季度上海办公、零售、物流和投资市场数据。cbre.com.cn ↗According to the Shanghai market data released by the commercial real estate agency CBRE for the second quarter of 2026, four new office projects were added in the quarter, with a total area of approximately 261,300 square meters; the net absorption area was approximately 168,100 square meters, up 14% from the previous quarter, and has been growing for six consecutive quarters. This shows that demand is not completely frozen, and the technology, finance, and business services sectors are still contributing to new rentals.
However, Shanghai has experienced a large supply of Grade-A office buildings in previous years, and the market still needs to continue to digest the existing stock. Professional judgment cannot be made by jumping to the conclusion that "Shanghai's economy is already empty" from a single video, nor can it be concluded that the pressure of competition for tenants between buildings can be ignored just because the net absorption has improved.
When observing this video, at least three levels should be distinguished:
- Factual image: On the night of September 9, some offices in the building being filmed were empty or unoccupied, while some areas were still lit;
- Market fact: Shanghai's office building market still has new supplies, and the net absorption in the second quarter of 2026 has improved;
- Systemic issue: China's governance system has long preferred urban image projects that can be displayed, quantified, and photographed, while the quality of employment, corporate profitability, and real operating conditions of tenants and residents are far more difficult to package than lights.
Why does a video of an office building resonate with the public: the public no longer easily believes in "looking prosperous"
China's economic propaganda has long relied on grand visual language: high-speed rail stations, skyscrapers, industrial parks, development zones, light shows, and large-scale infrastructure have all been given the meaning of growth. However, after the adjustment of the real estate industry, local debt, pressure on private enterprises, and the weakening of residents' expectations, the public is increasingly concerned about whether these assets are truly being used, whether enterprises are making money, and whether wages are growing, rather than whether buildings have been built or exterior walls have been lit.
Lujiazui is not an ordinary business district, but one of China's most important financial landmarks. When the country's most symbolic financial skyline also needs to be walked into and checked "whether there are people behind the lights", it itself shows the trust crisis faced by the official economic narrative.
Lights can be turned on uniformly, but demand cannot be ignited by administrative orders
The CCP's urban governance is skilled at organizing landscape lighting, building landmarks, and concentrating resources to shape the appearance of "world-class cities", but office buildings must ultimately undergo the simplest test of the market: are there enterprises willing to pay rent, are there employees working continuously, and is there enough business activity to support space prices?
The video does not prove that Shanghai is an "empty city", nor does it need to be exaggerated to form criticism. It reveals a more worthy question: When the city's image is still dazzling, why do ordinary people need to personally push open the glass door to confirm how much real economic activity is behind the lights?
If prosperity must rely on the exterior to prove itself, then the problem is not just whether office buildings are empty, but a political system that is highly dependent on propaganda scenery and is losing the ability to convince the public with real life.
![[[video:/api/media/2026-09-12/a5133ebf-1ed4-4d32-bad1-2ac09c1b7cb3-NpQrzZKWW-SNopyx.mp4|Scene Video] Lujiazui Lights Are On, But Offices Are Empty: Nighttime Footage on September 9 Reveals the Gap Between Shanghai's "Prosperous Lights" and the Reality of Office Buildings](https://chinafocus.news/api/media/2026-09-12/50e22d80-b8c3-4d64-8ef5-5ccf0b74c6e7-photo-1-1920x1080.jpg)
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