Institution: The Beijing Commercial Office Market will restart the recovery in the second half of the year

Author:21st Century Economic report Time:2022.07.08

21st Century Business Herald reporter Zhang Min intern Li Jiayuan Beijing report

The Beijing office building and shop (commercial) market, which was once sluggish due to the impact of the epidemic, is expected to recover in the second half of the year.

David recently released data showed that in the second quarter of this year, the Beijing -Glass A office market ushered in a new project of 74,000 square meters to enter the market. In addition, the impact of the epidemic, some tenants' retirement, and the weakened leasing demand made the vacancy rate of Grade A in the city at the end of the second quarter reached 15.8%, an increase of 0.5 percentage points from the previous month, and a year -on -year decrease of 1.5 percentage points.

During the same period, the average rent of Beijing -Class A office building was 337.5 yuan per square meter per month, a year -on -month and year -on -year decrease of 0.4%and 1.1%, respectively.

According to statistics, among the tenants in the Beijing office market in the first half of this year, the financial industry accounts for about 28.3%, which is still the main source of demand. The demand in the information technology industry has continued to weaken, but the proportion is still second. The leasing demand in industries such as professional services, public undertakings and health care has basically maintained stable.

The agency stated that compared with the fiery trend of 2021, the Beijing office market performance in the first half of 2022 was relatively bland. In addition to the epidemic, it also included many factors such as the increase in economic growth and the strengthening of the demand for some industry supervision. Essence

At the same time, although the epidemic has suppressed the office market in the second quarter, the fundamentals of market rental demand still exist, and some tenants also hope to use the current market to complete renewal, new lease or relocation transactions at relatively low prices. Therefore, "the office market in the second half of the year will restart and rebound quickly, and its activity will be significantly better than the first half."

As for the commercial retail market, under the requirements of epidemic prevention, offline physical consumption and service consumption have been greatly restricted, and most of the retail formats have been impacted to varying degrees. However, at the same time, in order to cope with the operating pressure brought about by the epidemic, some owners adopted methods such as reducing, reducing some rents or providing subsidies to help brand tenants overcome difficulties.

Therefore, in the second quarter of this year, the average vacancy rate of Beijing High -quality Shopping Center rose 0.4 percentage points to 6.2%month -on -month, a year -on -year decrease of 0.7%. During the same period, the average rental level of Beijing High -quality Shopping Center dropped to 841.4 yuan per square meter per square meter, a month -on -month and year -on -year decrease of 3.3%and 9.2%, respectively.

The agency also pointed out that the epidemic in the third quarter is expected to be fully controlled, and the retail market is expected to recover quickly.

The first Taiping Davis said that after the impact of the first half of 2022, the real estate market is steadily and orderly promoting the recovery. With the foundation of the industry's fundamentals, market elements have begun to re -connect to form a pattern of flowing interoperability and interoperability. Essence

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