Original title: The report says Beijing’s commercial real estate market is recovering, office building market rents have risen for the first time in three years
China News Service, Beijing, April 7 (Reporter Yan Xiaohong) The Beijing real estate market review report for the first quarter of 2022 released by Jones Lang LaSalle on the 7th shows that Beijing’s commercial real estate market recovered significantly in this quarter, and the office building market rent rose for the first time in three years. , diversified property types continue to attract investors’ attention. The luxury apartment market is booming in both supply and demand.
According to the above report, under the overall recovery trend, the office leasing market will recover strongly in the first quarter of 2022, with rents rising for the first time in three years. The demand in the Beijing office leasing market continued to strengthen in the first quarter, with the total net absorption approaching 157,000 square meters, more than double the net absorption in 2020. In the first quarter, the expansionary demand of financial enterprises stimulated the vitality of the leasing market. At the same time, demand from TMT (media and communication industry) and the big health industry also drove the leasing market up in the first quarter.
In addition, diversified property types are highly concerned. The performance of the office leasing market has stabilized and rebounded, and office buildings are still the focus of investors’ attention. The report pointed out that the current investment competition in high-quality properties has further intensified, and logistics real estate, long-term rental apartments and alternative assets are the focus of investment in the current market. The rapid development of industries such as life sciences and intelligent manufacturing has also contributed to the continuous attention of the property types of industrial parks.
The report said that the marginal easing of policies boosted market confidence, and the supply and demand of Beijing’s high-end residential market was reasonably released in the first quarter. As a traditional low season, the transaction volume of Beijing’s high-end residential market fell by 45% in the first quarter, but there were still 848 transactions, an increase of 80% year-on-year, the highest year-on-year increase since 2013. At the same time, the new supply of luxury apartments in Beijing totaled 2,667 units in the first quarter, reaching the highest level in the history of a single quarter. (over)
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Responsible editor: Wang Shanshan