Reasons for the change of total space demand in office market

In the context of the inflow of talents and enterprises, the demand for office buildings in Xi 'an continues to heat up, but it is worth noting that the vacancy rate in the office market exceeds 30% compared with the difficulty in finding a room in the residential market. What is the reason behind it?

Xi ranks in the first echelon of "Double Creation" cities.

Evolution of industrial structure brought about by population migration

Since last year, a "talent war" broke out between large and medium-sized cities in China, which attracted the attention of the whole society.

At the beginning of this year, Xi 'an launched the "Five-year Action Plan for Millions of College Students to Stay in Xi 'an for Employment and Entrepreneurship", which plans to leave at least 200,000 college students every year to promote economic development and industrial innovation. In the first six months, human resources continued to increase, and 510.5 million people settled in Xi' an, of which education and talent introduction accounted for 65.8%. Undoubtedly, the introduction of talents has brought fresh blood to Xi 'an's new economic industry and provided considerable factor dividends for economic growth. The direct impact of population migration is the transformation of industrial structure. With the policy support of attracting investment and the continuous influx of highly educated talents, financial technology companies such as Huatai Insurance, Huaxia Life Insurance, Nokia and Trunk Finance are also accelerating to settle in Xi 'an, and new economic enterprises are increasingly becoming the dominant demand in Xi 'an office market.

Some insiders said that Xi 'an is now building a new economic capital, and the demand for industries will naturally be more diversified and inclusive. In particular, digital economy, cloud computing, Internet, Internet of Vehicles, creative economy and green economy will become the industrial direction of future development. With the help of many talents, the industrial pattern has begun to undergo new changes.

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Zhang said, president of Shaanxi Urban Economic and Cultural Research Association:

Xi is in an opportunity period of development and construction, and needs and longs for talents more than ever before. The introduction of talents plays a leading role in the industry, which is conducive to leading and promoting the adjustment of regional industrial structure and economic development mode, and these changes will also be reflected in modern office properties such as office buildings.

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