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News release

07 July 2021

Finance and IT office relocations drive demand recovery; 2Q21 marks largest single deal for Beijing investment market in recent years

According to JLL Beijing’s 2Q21 Property Market Review

Capital flows

Location strategy

Office

Financial services

Authors

DL

Didi Liu

KC

Kyrah Cheng

Office	2Q21
Vacancy	14.2%
New Supply	0 sqm
Rental Growth	-1.0% q-o-q

Retail	2Q21
Vacancy	6.2%
New Supply	228,949 sqm
Rental Growth	-1.1% q-o-q

Industrial	2Q21
Vacancy	5.3%
New Supply	50,918 sqm
Rental Growth	1.3% q-o-q

Hotel*	YTD May 2021
Occupancy	47.1%
ADR*	936.3 RMB
RevPAR*	441.0 RMB

Residential	2Q21
Luxury Apartments
New Supply	2,661 units
Capital Values Growth	0.1% q-o-q
Rental Growth	1.0% q-o-q
High-end Villas
New Supply	231 units
Capital Values Growth	0.6% q-o-q
Rental Growth	0.8% q-o-q