Beijing’s Grade A office market rose for the first time in three years; diversified property sectors continued to attract investors
According to JLL Beijing’s 1Q22 Property Market Review
Beijing: 7 April 2022 – “In the first quarter of 2022, Beijing’s commercial real estate market saw a significant recovery as the active leasing demand continued from last year. The strong resilience of Beijing’s market has greatly boosted market confidence,” said Julien Zhang, China Chief Strategy Officer and Managing Director for North China, JLL.
In the Grade A Office market, overall rent increased for the first time in the past three years while leasing demand remained active. Beijing’s investment market saw more intense competition for high-quality properties with a market focus on logistics, rental apartments and alternative assets. Overall rent in the prime retail market stayed stable. Dong’an Market re-entered the market after a renovation in this quarter. In the industrial market, rents continued to rise steadily with a growing demand for cold-chain storage. The high-end residential market has a booming demand and supply with transaction volumes reaching the highest quarterly level since 2013.
Grade A Office
|New Supply||0 sqm|
|Rental Growth||1.2% q-o-q|