Shanghai's commercial market is set to experience explosive growth in 2026, with 64 new shopping centers slated to open, adding over 4.6 million square meters of floor area, marking a three-year high.

 From Jinqiao in Pudong to Xujing in Qingpu, from the core of Xujiahui to emerging residential areas in Songjiang, the city's commercial pulse is beating with unprecedented strength and ambition.

 Join Shanghai Spotlight as we introduce to you the most exciting and dynamic projects set to launch in the year ahead…   

 黄浦区与徐汇区持续深化高端商业布局。K11 ELYSEA落子淮海中路核心地段，约5.3万平方米商业空间延续“艺术·人文·自然”品牌理念，与毗邻的淮海公园及爱马仕之家形成高端商业生态圈。

 The popular Huangpu and Xuhui districts continue to deepen their high-end commercial offerings.  

  K11 ELYSEA takes root in a prime location on Middle Huaihai Road, with approximately 53,000 sqm of retail space continuing the brand's underlying Art People Nature concept, forming a high-end commercial ecosystem alongside the adjacent Huaihai Park and Maison Hermès.

 徐汇区ITC商场作为新鸿基地产内地最大单体商业项目，凭借24万平方米规模与三轨交汇的地理优势，构筑徐家汇商圈新核心。

 In Xuhui, the ITC by Sun Hung Kai Properties, its largest standalone commercial project in China Mainland, leverages its 240,000-sqm scale and a location at the intersection of three metro lines to establish a new core for Xujiahui.

 龙凤·PRSCO由上海淮海商业集团与上海永业企业集团联袂打造，定位为集年轻、潮流、艺文、时尚于一体的一站式新鲜事发生地。项目为地铁上盖，总建筑面积超5万平方米，配备空中花园露台，营造与自然亲近的开放式社交空间。以集聚式、社群化、场景化为核心，引领新型消费模式，成为都市青年探索生活灵感的聚集地。

 PRSCO is jointly developed by Shanghai Huaihai Commercial Group and Shanghai Yongye Enterprise Group. Positioned as a one-stop destination for all things young, trendy, artistic, and fashionable, the project is a metro-linked complex with a total GFA more than 50,00 sqm. 

 It features a rooftop garden terrace, offering a naturally inviting open-air social environment. With a core focus on agglomeration, community-building, and scenographic retail experiences, PRSCO pioneers a new consumption model, emerging as a vibrant hub where urban youth discover lifestyle inspiration.

 徐汇区另一亮点聚梦天地DREAM LIVE，以飞碟造型外立面和科创主题，打造10万平方米全景商业空间，填补漕河泾区域高品质商业空白。

 Another Xuhui highlight, DREAM LIVE, features a UFO-shaped façade and a technology-innovation theme within its 100,000-sqm panoramic commercial space, filling the gap for high-quality retail in the Caohejing area.     

 FFC 滨江悦里落址西岸日晖港，商业体量约2.4万平方米。作为徐汇滨江复星中心综合体的核心商业，项目定位为 “西岸轻致生活中心” ，由KPF操刀设计，以盒式商业形态融合6-7米挑高B1层、下沉广场与屋顶花园，营造通透宜人的全时活力空间。

 项目已引入LAS蓝时潜水、此山攀岩、PETMIX宠物公园、56文化艺术中心等主力品牌，以潜水、攀岩等兴趣体验为内核，串联全时段餐饮社交业态，精准覆盖在地居民、商务精英与微度假客群。项目以 “兴趣×社交×体验” 三重驱动力，于日常场景中构建情感共鸣，致力成为西岸滨水生活方式的消费新地标。

 FFC is located in the Xuhui West Bund’s Rihuigang area, encompassing approximately 24,000 sqm of commercial space. As the core retail component of the Fusheng Center complex, it is positioned as “West Bund Light Life Hub.” 

 Designed by KPF, the project features a block-style layout integrating a 6-7 meter high basement B1 level, a sunken plaza, and a rooftop garden, creating a light-filled and inviting day-to-night environment.

 Key curated tenants include LAS Diving Club, The Wall Climbing, PETMIX Pet Park, and 56 Culture & Arts Center, anchoring the project around immersive interests such as diving and climbing, complemented by all-day dining and social concepts. 

 The hub serves local residents, business professionals, and micro-vacationers alike. Driven by the synergy of “interest × social × experience,” FFC fosters emotional connections through everyday moments, aiming to become a premier waterfront lifestyle destination along the West Bund.

 漕河泾M+商业中心立足北杨人工智能创新小镇，以5万平方米体量打造“科学家社区Hyperlink Happy Link”，计划引入智能科技与智趣潮玩等前沿业态。

 The Caohejing M+ Commercial Center, situated within the North Yang AI Innovation Town, creates a 50,000-sqm ‘Scientist Community Hyperlink Happy Link’, planning to introduce cutting-edge formats like smart technology and intelligent trendy entertainment to the local community. 

 位于长宁、徐汇交汇处的上海A.F.A，由原红坊文创园改造升级而来。其约5万平方米的商业体量定位“艺术生活”，将引入山系生活、极限户外等爱好型零售，以及精致杂货、艺术书店、餐饮酒吧等多元业态，融合工业遗存风貌与自然公园，打造艺术文娱生活新地标。

 Located at the intersection of Changning and Xuhui districts, Shanghai A.F.A is set to be transformed and upgraded from the former Hongfang Cultural & Creative Park. 

 Its approximately 50,000 sqm of commercial space is positioned around the concept of ‘Art Living’, and is ready to introduce hobby-driven retail such as mountain lifestyle and extreme outdoor gear, alongside curated lifestyle goods, art bookstores, restaurants, cafes, and bars. 

 By blending preserved industrial heritage with natural park elements, it aims to become a new landmark for artistic and cultural life.

 青浦与松江的商业升级将显著提升郊区生活品质。青浦区首位中心以43万平方米商业体量规划四大主题区，独创“首店、首展、首秀、首艺、首味、首演”六大首DNA运营模式。

 Commercial upgrades in Qingpu and Songjiang will significantly enhance suburban living standards. 

 Qingpu's Showay Center, with a planned 430,000 sqm across four themed zones, pioneers a unique "Six Firsts" operational DNA: first stores, first exhibitions, first shows, first art, first tastes, and first performances.

 松江区迎来里程碑式项目——上海泗泾招商花园城，作为区域首个大型TOD商业体，20万平方米空间通过空中连廊与地铁9号线无缝衔接，引入盒马鲜生等三大主力店。

 Songjiang welcomes a milestone project, Sijing Garden City. As the district's first large-scale TOD commercial complex, this 200,000 sqm retail space is seamlessly connected to Metro Line 9 via skybridges and has secured three anchor tenants, including Hema Fresh.

 徐家汇商圈的原太平洋百货，正改造为新六百YOUNG。项目创新采用九层空间梯度布局，并通过超千平裸眼3D巨幕、无界玻璃幕墙及空中连廊系统，打造成为新都市家庭精致生活体验商业，构建以亲子为锚点的家庭关系互动消费场景，表达承载和培育共同成长的经历。

 In the Xujiahui commercial circle, the former Pacific Department Store is being transformed into The Neo Young 6. 

 The project innovatively adopts a nine-story spatial gradient layout, anchoring itself on family-centric interactive experiences. It will feature a massive 1,000+ sqm naked-eye 3D screen, seamless glass curtain walls, and an elevated skywalk system. 

 Designed as a refined urban lifestyle destination centered around parent-child interaction, it aims to create meaningful consumption scenarios that nurture shared family growth and connection.

 梅龙镇广场改造尘埃落定，恒隆地产以“营运租赁”模式获得项目20年经营权，并与九百集团成立运营合资公司。项目投资22亿元内，将其重塑为总建筑面积约12.5万平方米的集商业、文化、酒店、办公及公共开放空间于一体的商业综合体地标。目前项目正在全力改造中，商业部分待开业，办公与酒店亦将随后陆续亮相。

 The transformation of Westgate Mall has been finalized: Hang Lung Properties has secured a 20-year operation right under an operational leasing model and established an operating joint venture with Join Buy Group. With a total investment not exceeding RMB 2.2 billion, the project will be redeveloped into a commercial complex landmark with a total GFA of approximately 125,000 sqm, integrating retail, culture, hospitality, office, and public open spaces. Currently undergoing full-scale renovation, the retail portion awaits its grand opening, with office and hotel spaces to follow.

 承载海派文脉的张园，东区首开区将于今年6月30日率先向公众开放，整个东区预计在2027年年底全面建设完成并投入运营。地面保留石库门风貌，地下商业将连通南京西路地铁站，引入独栋旗舰店、米其林餐厅等业态，结合顶级办公、酒店与文化演艺中心，成为融合历史与现代的时尚街区新高地。

 As a bearer of Shanghai’s cultural legacy, Zhangyuan will open the first phase of its eastern section to the public on June 30th this year, with the full eastern section slated for completion and operation by the end of 2027.

 The above-ground area will preserve the distinctive Shikumen architectural style, while the underground commercial spaces will connect directly to Nanjing West Road Metro Station, featuring stand-alone flagship stores and Michelin-starred restaurants. 

 Combined with premium offices, hotels, and cultural performance centers, it will emerge as a new fashion district blending history with modernity.

 仲盛世界商城启动开业25年来最大改造，近30万平方米空间将打破原有封闭结构，融入绿色生态与开放式街区。改造后品牌数量大幅增加至近500个，新增“日咖夜酒”特色外街与双层市集街区，精准覆盖全年龄段客群。

 Commercial renovations in Minhang and Putuo districts are injecting new vitality.  

  SKYMALL+ is launching its most significant renovation since opening 25 years ago. The nearly 300,000-sqm space will break its original enclosed structure, integrating green ecology and open block concepts.  

  Post-renovation, the number of brands will surge to nearly 500, featuring new additions like a ‘Coffee by Day, Bar by Night’ themed outer street and a double-layer market 

 百联青浦奥特莱斯二期将于下半年亮相，以“新生代·轻社交”为特色，推动项目整体成为亚洲首选的奥莱商业品牌。

 Bailian Outlets (Shanghai·Qingpu) Phase II will debut during the during the second half of the year, featuring a "New Generation·Light Socializing" concept, it aims to elevate the entire project into a premier outlet destination of choice across Asia.

 在浦东祝桥，以上海FV佛罗伦萨小镇为核心的奥特莱斯商圈正持续“扩容升级”。其三期项目计划于2026年下半年正式亮相，延续纯正意式建筑美学，再现文艺复兴时期的古典灵韵，同时引入复式商铺新概念，提升空间体验与商业层次。届时，小镇总商业规模将突破10万平方米，品牌矩阵亦将迎来新一轮升级。

 In Pudong's Zhuqiao area, the outlet retail hub anchored by Shanghai FV Florentia Village is undergoing continuous expansion and upgrade. Phase III of the project is set to officially open in the second half of 2026, preserving the authenticity of Italian architectural aesthetics and evoking the classical charm of the Renaissance.  

  The new phase also introduces a duplex retail concept, elevating spatial experience and commercial sophistication. Upon completion, the total commercial scale of Florentia Village will exceed 100,000 square meters, accompanied by a further upgraded brand portfolio.

 浦东新区在2026年的商业地图上占据醒目位置。作为目前上海第二大、浦东最大的商业综合体，PRISMA新嘉中心坐拥约36万㎡巨无霸商业体量，坐落于金桥城市副中心核心枢纽，TOD模式无缝衔接地铁6、12号线。项目以400米滨水步道、五大主题空间及近500个品牌的全业态阵容，致力于打造“上海全域生活旗舰”，或将成为2026年最值得期待的城市级商业新地标。

 Pudong New Area features prominently on Shanghai's 2026 commercial map. 

 As the second-largest commercial complex in Shanghai and the largest in Pudong, PRISMA boasts a massive commercial space of approximately 360,000 square meters. 

   Located at the core of Jinqiao Sub-center, its TOD model seamlessly connects with Metro Lines 6 and 12. Featuring a 400-meter waterfront walkway, five themed zones, and a full-format mix of nearly 500 brands, the project is positioned as Shanghai’s flagship for all-domain living, and is poised to become the city’s most anticipated new commercial landmark of 2026.

 在浦东御桥，陆家嘴商业集团旗下第三座九六广场——御桥九六广场正加速呈现。项目位于上海“金色中环”发展带，为地铁11号线康恒路站上盖TOD综合体，商业体量约6.3万㎡，由英国贝诺（Benoy）担纲设计，以“此地宜久留”为理念，打造办公生活一体化的园区商业新标杆。

   目前B1层“慢人食务所”已试营业，入驻品牌近20家。项目预计于2026年第三季度全面开业，致力成为有温度、有活力的产城融合新范本。

   In Pudong Yuqiao, Yuqiao 96 Plaza—the third 96 Plaza developed by Lujiazui Commercial Group—is rapidly taking shape. Located on Shanghai’s “Golden Mid-Ring” and directly atop Kangheng Road Station on Metro Line 11, the 63,000 sqm TOD complex is designed by Benoy. Guided by the philosophy “a place worth lingering,” it sets a new benchmark for integrated office and lifestyle retail.

   The B1-level “Slow Food Collective” is now in soft opening with nearly 20 brands. A full launch is scheduled for Q3 2026, as the plaza aspires to become a new model of industry-city integration. 

 同为浦东重磅项目的前滩太古里二期将新增14.7万平方米奢侈品与生活方式零售空间，通过空中连廊与既有部分无缝衔接，使总商业规模扩大两倍以上。

 Another major Pudong project, Taikoo Li Qiantan Phase II, will add 147,000 sqm of luxury and lifestyle retail space. Connected to the existing phase via skybridges, it will more than triple the total commercial scale.

 森兰印象城采用“购物中心+体育中心+社区中心”的创新“三中心”融合形态，打造18万㎡商业空间，并以森兰区域的“森系”生态优势为灵感，将整个建筑外切为山、内退成谷、层层攀升，形成阳光照耀大地、能量逐级升腾为主题的「森兰山谷」，并通过盒子、退台、步道、联桥交错衔接，构建多个特色空间。

 Sunland Incity pioneers an innovative integrated model that blends a shopping center, sports center, and community center into one dynamic complex. Spanning 180,000 square meters of commercial space, the project draws inspiration from the lush, “forest-style” ecology of the Sunland area. 

 Its architecture is sculpted with external cuts that evoke mountains and internal terraces that shape valleys, rising progressively to form the Sunland Valley, a space themed around sunlight cascading across the land and energy ascending in layers. Interwoven boxes, terraces, walkways, and bridges intersect throughout, creating a rich tapestry of distinctive spatial experiences.

 AMP美达广场则以欧式风情建筑外立面与融合自然松弛感、海派复古大气的室内设计，打造一座城市微度假风情街。项目餐饮占比高达50%，引入包括全国首店St. George在内的25家全球星级餐饮首店，连同各国特色买手店、小众时尚与设计师品牌，成为食、购、娱一体的潮流聚集点。

 AMPHIBIO PARADISO combines a European-style architectural façade with interior design that blends a natural, relaxed vibe and Shanghai-inspired retro elegance, creating an urban micro-getaway street. 

 With food and beverage outlets accounting for a high 50% of its tenant mix, the project introduces 25 global star-rated dining first-in-market stores, including the national debut of St. George. 

 Together with specialty multi-brand boutiques from various countries, niche fashion and designer labels, it becomes a trendy hub integrating dining, shopping, and entertainment.

 2026年的新商场普遍注重空间体验和业态融合。商场不再是单纯的购物场所，而是融合了文化展览、运动健康、自然生态等多重功能的复合空间。

 New malls opening in 2026 generally prioritize spatial experience and format integration. They are no longer mere shopping destinations but multifunctional complexes blending cultural exhibitions, sports and wellness, natural ecology, and more.

TOD模式成为新商场标配，超过60%的新项目与地铁站直接连通或通过空中连廊衔接，极大提高了购物便利性。

The TOD model has become standard for new developments, with over 60% of new projects offering direct metro station access or skybridge connections, greatly enhancing shopping convenience.

这些新商场将成为家庭聚会、朋友相约的新去处。2026年的上海商场不再仅仅是消费场所，更是将艺术展览搬进中庭，让绿色植物爬满墙壁，使运动空间与商业区域无缝衔接。

These exciting and inspiring malls will become fresh destinations for family gatherings and meeting friends. In 2026, Shanghai's shopping centers will transcend their role as only shopping facilities. They will bring art exhibitions into their atriums, cover their walls with greenery, and seamlessly integrate sports facilities with commercial areas for the benefit of the general public across the city.