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No Turning Back – Beijing’s Office Market Set to Shine

​The Beijing office market has reached a turning point along its path towards maturity. As new landmark developments in the CBD rise and redefine the skyline, domestic companies are now showing a clear lead in shaping the demand that will absorb Beijing’s next supply peak.

Key insights in this paper include:

  • Beijing has reached a key turning point in geographic maturity, tenant composition, and building quality.
  • ​The time is right to redefine submarket categorisations by expanding the set of “core” areas and defining a new, decentralised market that stands apart on its own, anchored by Lize and Tongzhou.
  • Domestic firms are clearly dominating the market and showing a sharp growth in their share of occupied space across the city, most notably in Finance Street.
  • New forms of financial services and the booming IT industry, supported by upgrades to higher quality space, will serve as important drivers of future demand.
  • Beijing can achieve higher ground by drawing from worldclass benchmarks of quality.

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