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News release

15 April 2025

Beijing office market sees slight rebound

According to JLL Beijing’s 2025 Q1 Property Market Review

Economics

Location strategy

Office

Financial services

Authors

KC

Kyrah Cheng

AY

Andrey Yang

Office	2025 Q1
Vacancy	12.4%
New Supply	0 sqm
Rental Change	-4.7% q-o-q

Retail	2025 Q1
Vacancy	5.6%
New Supply	0 sqm
Rental Change	-2.0% q-o-q

Industrial	2025 Q1
Vacancy	25.2%
New Supply	355,750 sqm
Rental Change	-2.8% q-o-q

Luxury Apartments	2025 Q1
New Supply	3,071 units
Capital Values Growth	0.3% q-o-q
Rental Change	-2.1% q-o-q