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Beijing MarketBeat Reports

Sabrina Wei • 28/03/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q1 2024 Highlights

Office: An expanded lease transaction area in Q1 saw overall office market vacancy fall for the first time since Q2 2022.

Retail: Two new prime mall projects entered in Q1 as the market continues to promote the first-store economy.

Capital Markets: Q1 2024 report available soon.
 

Learn more by clicking on our most recent Beijing MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Beijing Office MarketBeat

The King Region Center completed in Q1, bringing 67,000 sq m of new Grade A space. Large-area lease transactions in emerging submarkets boosted Q1 citywide net absorption to 143,625 sq m, with digital economy growth foremost. The overall vacancy rate dropped 0.4 percentage points q-o-q to 18.3%. Citywide average rents continued to soften, down 2.4% q-o-q to RMB290.7 per sq m per month.
 

Click here to download the report

Shopping Retail
Beijing Retail MarketBeat

The POLPAS mall and Jingsheng Times Shopping Center entered in Q1, raising citywide mall stock to 15 million sq m. First stores and flagship stores remained the focus of activity in the quarter, with notable fashion sector entrants. More than 1.2 million sq m of new supply for 2024 will chiefly comprise large suburban projects and renewal activities in traditional submarkets.
 

Click here to download the report

Warehouse Internal Rack
Beijing Capital Markets MarketBeat

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