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Beijing MarketBeat Reports

Sabrina Wei • 29/09/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Q3 2024 Highlights

Office: Office market rental levels continued to trend down in Q3.

Retail: Further new retail entrants highlighted an emphasis on urban renewal and consumption upgrading in Q3.

Capital Markets: Next report will be available in Q4.
 

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

CURRENT MARKETBEATS

Office Buildings CBD
Beijing Office MarketBeat

Occupiers continued to pursue cost reductions and efficiencies in Q3, upgrade relocations and renewals dominating activity with the finance, TMT and professional services sectors leading demand. The overall vacancy rate rose slightly q-o-q to 18.2%. The overall average rental level continued to retreat, down 4.7% q-o-q to RMB266.1 per sq m per month.
 

Click here to download the report

Shopping Retail
Beijing Retail MarketBeat

The miXc (Tongzhou), Huiqing Shopping Center, and Happy Mall entered in Q3, the latter two as urban renewal completions. Citywide total mall stock rose to 15.69 million sq m. Upscale fashion and sports brands led new store openings in the quarter, with the F&B sector quieter. Suburban projects due in Q4 will push full-year new supply to a ten-year high.
 

Click here to download the report

Warehouse Internal Rack
Beijing Capital Markets MarketBeat

Next Capital Markets report will be available in Q4.
 

RELATED INSIGHTS

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Insights • Workplace

Seoul Office Tenants Profile Report

The Seoul office leasing market remains a landlord-dominant market, marked by record-low vacancy rates and peak rental prices due to the shortage of new office supply within major business districts.
Suki Kim • 12/11/2024
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