Beijing office leasing market speeds up its downturn

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Office	Q4 2024
Vacancy	12.6%
New Supply	12.9 sqm
Rental Change	-6.2% q-o-q

Retail	Q4 2024
Vacancy	5.2%
New Supply	107,000 sqm
Rental Change	-0.9% q-o-q

Industrial	Q4 2024
Vacancy	18.2%
New Supply	0 sqm
Rental Change	-2.1% q-o-q

Luxury Apartments	Q4 2024
New Supply	731 units
Capital Values Growth	-1.3% q-o-q
Rental Change	-2.2% q-o-q