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News release

04 July 2022

Office rents record a mild decline as retail struggles amid Omicron outbreak

According to JLL Beijing’s 2Q22 Property Market Review

Capital flows

Location strategy

Office

Business and professional services

Authors

KC

Kyrah Cheng

AY

Andrey Yang

Office	2Q22
Vacancy	9.8%
New Supply	0 sqm
Rental Growth	-0.2% q-o-q

Office	2Q22
Vacancy	6.1%
New Supply*	151,900 sqm
Rental Growth	0.7% q-o-q

Industrial	2Q22
Vacancy	4.1%
New Supply*	0 sqm
Rental Growth	1.3% q-o-q

Hotel*	YTD May 2022
Occupancy	29.5%
ADR*	1,061 RMB
RevPAR*	313 RMB

Residential	2Q22
Luxury Apartments
New Supply	2,218 units
Capital Values Growth	0.2% q-o-q
Rental Growth	0.1% q-o-q
High-end Villas
New Supply	0 units
Capital Values Growth	-3.1% q-o-q
Rental Growth	0.1% q-o-q