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Beijing MarketBeat Reports

Sabrina Wei • 27/06/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q2 2024 Highlights

Office: Tenants pursued cost reductions and efficiencies in Q2, with relocations and renewals dominating activity.

Retail: The Changping Hops On and The miXc Xibeiwang projects entered in Q2, offering diversified consumption destinations.

Capital Markets: Q2 2024 report available soon.
 

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

CURRENT MARKETBEATS

Office Buildings CBD
Beijing Office MarketBeat

No new projects entered the Grade A market in Q2. In a cautious environment tenants pursued cost reductions and efficiencies, relocations and renewals dominating activity, with the finance, TNT and professional services sectors leading demand. The overall vacancy rate dropped 0.3 percentage points q-o-q to 18.0%. Citywide average rents continued to soften, down 3.9% q-o-q to RMB279.2 per sq m per month.
 

Click here to download the report

Shopping Retail
Beijing Retail MarketBeat

The Changping Hops On and The miXc Xibeiwang projects entered in Q2, raising citywide mall stock to 15.5 million sq m. The new entrants are noted for creating diversified consumption destinations. Retail complexes focused on high-end lifestyle brands in the quarter, with F&B also active with new stores. Ahead, 600,000 sq m of new supply is slated for the 2H period, mostly in suburban areas.
 

Click here to download the report

Warehouse Internal Rack
Beijing Capital Markets MarketBeat

Q2 2024 report available soon.
 

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