Office vacancy rate in Beijing in 2020

Office vacancy rate in Beijing in 2020

1. On September 24th, Colliers International released the property market report for the third quarter of 2020 in North China. The data shows that as of the third quarter, the imbalance between supply and demand is still the core issue of Beijing Grade A office market.

2. Deng Yijun, managing director of Colliers International in China, said that the supply of Grade A office buildings in Beijing increased by about 1 * * 1.2 million square meters in the third quarter, and the new projects were located in Yansha and CBD respectively. On the demand side, the net absorption in a single quarter was about 42,000 square meters. After excluding the self-use area, the actual net absorption in the market was about 6.5438+0.6 million square meters, which turned positive this year. However, although the overall market demand continues to pick up, the demand recovery is still weak. The data shows that the vacancy rate continued to climb to 17.5% this quarter, up about 1% from the previous month, and the rent continued to drop by 2.6% to 357 yuan per square meter per month.

3. Colliers International predicts that if new projects enter the market as scheduled in the fourth quarter, the new supply of the overall market in a single quarter will be close to 500,000 square meters, and the vacancy rate will exceed 20%. "On the demand side, we expect that the fourth quarter will continue the trend of continuous recovery in the third quarter, but there is almost no suspense in the new low since the net absorption hit a historical record."

4. In addition, the overall vacancy level of Grade B office buildings increased by 65,438+0.4% to about 65,438+04.9%, and the rent decreased by 65,438+0.9% to 2,465,438+0 yuan per square meter per month. At the same time, there was a net absorption of negative 6.5438+0.3 million in the third quarter, which means that there are a lot of vacant areas in the B-class building this quarter. Colliers International believes that, on the one hand, with the gradual downward adjustment of Grade A office rents, some tenants who expect to improve their office environment begin to shift from Grade B to Grade A in the market; On the other hand, the persistent impact of the epidemic on small and medium-sized enterprises is finally clearly reflected in the data of the third quarter, and small and medium-sized enterprises begin to relocate or reduce their area or withdraw from the market.