Smart robotics sets new record for office lease in shanghai

On October 22, 2026, it was reported that a robotics company, Zhiyuan Robotics, has set a new record for the largest single office lease in Shanghai's history. The company, which was founded less than four years ago, has signed a lease with the Landmark Group for over 220,000 square meters across three projects: Front Bay Source, Front Bay Shanghe, and Wisdom Valley. The annual rent, excluding property fees, is estimated at 350 million yuan. A source close to Zhiyuan confirmed the lease details. This surpasses the previous record of 90,000 square meters set by Eagle Angle Network in August 2026. Zhiyuan, a company focused on embodied intelligence, recently announced the completion of its 20,000th unit, setting a global production record. According to Counterpoint Research, global delivery of humanoid robots reached 22,000 units in the first half of 2026, a 300% increase from the previous year. Zhiyuan led with 9,700 units, capturing over 43% of the market. The company also recently raised 10 to 15 billion yuan, with a valuation of 500 billion yuan.