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Vacancy rate in Beijing’s class office market drops
Research - FEBRUARY 15, 2018

Vacancy rate in Beijing’s class office market drops

by Andrea Zander

In the fourth quarter (Q4) of 2017, the vacancy rate in Beijing’s class office market dropped by 1.5 percentage points quarter on quarter (Q-o-Q), while the average rent decreased by 0.9 percent Q-o-Q, according to Knight Frank.

A number of projects are scheduled to enter the market in 2018, totaling over 10 million square feet. The average vacancy rate in Beijing’s class office market is estimated to rise significantly and rental growth will be constrained because of the large volume of supply.

The overall Beijing class office sales market remained stable during the fourth quarter 2017, with no notable deals being recorded.

 

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