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Beijing MarketBeat Reports

Sabrina Wei • 27/09/2023
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 2023 Highlights

Office: The Cinda Center and North Star Center projects launched in Q3, adding 230,444 sq m of new Grade A space to the market.

Retail: Five new mall openings in Q3 included urban renewal projects Longfor Beiyuan Paradise Walk, The Box Chaowai, and Wukesong Wanda Plaza.

Capital Markets:
 

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

CURRENT MARKETBEATS

Office Buildings CBD
Beijing Office MarketBeat

The Cinda Center and North Star Center launched in Q3, adding 230,444 sq m of new Grade A space. Active pre-leasing helped boost quarterly net absorption to 175,291 sq m, stabilizing overall vacancy at 17.0%. Citywide average monthly rents continued trending down, dropping 2.7% q-o-q to RMB307.7 per sq m per month.

Click here to download the report

Shopping Retail
Beijing Retail MarketBeat

Five new mall openings in Q3, including urban renewal projects Longfor Beiyuan Paradise Walk, The Box Chaowai, and Wukesong Wanda Plaza, accelerated Beijing’s retail upgrading. Citywide mall stock rose to 14.8 million sq m. Consumer goods sales improved, with offline consumption growth chiefly driven by the F&B sector, with new brand store openings generating strong footfall.

Click here to download the report

Warehouse Internal Rack
Beijing Capital Markets MarketBeat

Q3 2023 report available soon.

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