Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Taiyuan Office & Retail Markets:

Office: Landmark new projects in 2019 included Greenland Central Plaza, China Overseas International Center phase I, and Cinda International Financial Center. The new supply pushed Grade A office stock to 3.81 million sq m and the citywide vacancy rate up to 38.5%, but the new projects’ high grade helped raise the average effective rent 5.6% y-o-y to RMB71.3 per sq m per month.

Retail: The Wangfujing Department Store Phase 2 in the Qinxian Changfeng submarket opened in 2019, driving the city’s high-quality retail stock to approximately 1.83 million sq m. The average asking rent rose 6.7% y-o-y to RMB320 per sq m per month. Older department stores have been upgrading and introducing new brands, while some retailers have been introducing omnichannel strategies.

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


Office Buildings CBD
Taiyuan Office MarketBeat

The relocation of municipal government departments to Changfeng Business Zone has boosted the submarket’s interest for domestic and foreign investors.

Click here to download the report

Shopping Retail
Taiyuan Retail MarketBeat

Ahead, new supply should exceed 1.0 million sq m in the next three years to further enhance the market.

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Office Buildings CBD

办公室更新: 新项目的入市拉动整体市场空置率同比上升1.9个百分点至38.5%。但由于新入市项目的品质均比较高,拉动整体写字楼市场平均租金报价同比上升5.6%,达每月每平方米人民币71.3元。

零售更新: 截至2019年三季度,太原优质零售物业总存量约为183万平方米,继去年万象城开业至今,太原仅有亲贤长风商圈的王府井百货二期投入使用,面积仅19,288平方米。



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