Summer 2010
Beijing - Office Briefing
- Two new Grade 'A' office projects were launched onto the market in the second quarter, adding around 49,000 sqm of leasable space
- Net take-up increased by 10.5 per cent in the second quarter to 154,500 sqm
- Rents rose by 4.3 per cent in the second quarter to an average of RMB166.5 per sqm per month, while the citywide vacancy rate fell by 1.4 percentage points to 16.7 per cent
- The government is encouraging enterprises looking to develop projects for own use to bid on the newly partitioned core CBD plots
- State owned enterprises and multi-national corporations are showing continued interest in Beijing's Grade 'A' office market
