Demand for Prime Office, Retail and Logistics Facilities Rebounded in Q2
Julien Zhang, Jones Lang LaSalle Beijing

In the second quarter of this year, Beijing’s Grade A office market was robust as rents increased steadily, and domestic companies dominated in leasing transactions. Following a good recovery in Q1, high end residential demand also improved, while third party logistics providers, retailers, B2C e-commerce consumer service groups and car makers played active roles in the industrial sector. A “wait-and-see” atmosphere was prevalent in the investment market, with only a few notable transactions recorded this quarter.