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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: Beijing investment transaction numbers and volume in Q2 2024 rose slightly on the same period last year.
 

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

Beijing investment market transaction numbers and volume in Q2 2024 rose slightly compared to the same period last year, with the deal count climbing 8.2% y-o-y to 13 transactions, and investment volume up 1.2% y-o-y to record RMB12.06 billion (US$1.6 billion). Overall transaction volume for the 1H 2024 period reached RMB22.8 billion from 20 transactions (US$3.1 billion). The office sector was the most preferred asset type, taking a 50% share of the total 1H volume. 
 

Click here to download the report

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