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Beijing commercial office market vacancy rate rose into a period of adjustment to bid farewell to "make money" why?

2018-11-06 15:46 beijing evening news TF017

Beijing commercial office market has also ushered in a new round of adjustment, business operation platform to rent the third quarter of 2018 released "business data report" shows, Beijing commercial office market vacancy rate of growth in the third quarter, the cumulative supply reached 11 million 910 thousand square meters, an increase of 39%, commercial office market has bid farewell to "make money" era.

Data for photo: Zhang Yujun

The report shows that the third quarter of 2018, due to land acquisition costs and the increase in real estate investment growth is relatively stable, the office market investment growth fell to 11%, the completion area decreased by 14%, the "incremental market" negative growth. Especially in Beijing, Shanghai, Guangzhou and Shenzhen four first-tier cities, by the rent increase and new supply in the third quarter of the cumulative effect of superposition can rent an area generally rose 50%, the overall vacancy rate increased.

Specific to Beijing, the report shows, the third quarter of 2018, total commercial office supply reached 11 million 910 thousand square meters, the second quarter rose 39% year-on-year, the third quarter of 2017 rose 57%. In the lease transaction, the third quarter of 2018 to do the cumulative volume of only 4 million 640 thousand square meters, the second quarter fell 15% year-on-year decline in the third quarter of 2017 reached 27%.

"Although the 7 and August volume shrink significantly, but the third quarter office rental prices or basic stability, only a slight decrease of 0.13% qoq." Good for director of data research center Kuang Jianfeng introduced Beijing's industrial agglomeration and the "multi center" pattern is the most obvious, 11 million 910 thousand square meters of total rentable area concentrated in CBD, Yizhuang Development Zone, Fengtai science and Technology Park and Wangjing. From the customer perspective, the Internet industry developed on office demand high, culture, trade, service industry demand is relatively concentrated, the main area of demand and rental demand concentrated in 300 square meters and 3 yuan / m2 / day to 6 yuan / m2 / day.

"Beijing commercial office market has entered a new round of adjustment." Kuang Jianfeng pointed out that Beijing new restriction industry as well as the promulgation of the government led part of the industry along with the eastward migration, a short period of time or high vacancy rate and the new city center, Eastern District will be in the industrial restructuring in the increasingly mature, the rent is also expected to usher in a slight increase.


Source: Beijing Evening News

Editor: TF017

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