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Harbin MarketBeat Reports

Sabrina Wei • 23/01/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Office: Grade A stock remained at 835,028 sq m with no new projects completed for 2019. However, leasing demand was relatively weak. The overall vacancy rate increased to 23.2%, and the average rent edged down 2.0% y-o-y to RMB91.4 per sq m per month.

Retail: Triumph New Life, Mixc, the Guanjiang International Shopping Center and Intime City launched in 2019, bringing a combined 511,000 sq m of new supply to the market. The overall vacancy rate edged down 0.5 percentage points y-o-y to 8.4% and the average retail asking rent slipped to RMB323 per sq m per month.
凯旋新生活(Triumph New Life),万象城(Mixc),灌江国际购物中心和银泰城(Intime City)于2019年启动,为市场带来了总计511,000平方米的新供应量。整体空置率同比下降0.5个百分点至8.4%,平均零售要价下滑至每平方米每月人民币323元。

Learn more by clicking our most recent Harbin market reports below.


Office Buildings CBD
Harbin Office MarketBeat

Ahead, nearly 255,000 sq m of new Grade A office supply will arrive by the end of 2020 and the market is expected to strengthen.

Click here to download the report

Shopping Retail
Harbin Retail MarketBeat

Wuyue Plaza will enter the market in Q4, pushing overall retail stock beyond 4.27 billion sq m by the year end. In 2020, completion of Metro Line 2 will bring improved consumer convenience to the retail market.
五月广场将于第四季度进入市场,到年底将使整体零售存量超过42.7亿平方米。 2020年,地铁2号线的建成将为零售市场带来更高的消费者便利性。

Click here to download the report

Office Buildings CBD




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In the "Value of a City" series, we provide our monthly vision on a topic related to the value of the city. This vision is generated from internal research and dialogue with both internal and external stakeholders, in close collaboration with consultants and analysts from our Real Estate Strategy & Innovation team.
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