上海甲级写字楼市场 季度报告 2025年 第四季度 本报告重点关注上海甲级写字楼市场，包括供应和需求、租金、空置率以及 knightfrank.com.cn/research 写字楼投资市场等方面相关信息 概览和展望 供需双压下市场仍处于调整期 第 四 季 度 ，上 海 整 体 写 字 楼 市 场 租 金 继 续 延 续 下 行 态 势，环 比 下 跌3.2% 至每天每平方米人民币 6.05 元，环 比 跌 幅3.2%。供 应 方 面，两 个 新 项 目 总 计 216,585平方米的办公面积竣工交付，推 动市场空置率继续小幅攀升至23.8%。当 季市场净吸纳量增至82,570平方米。租 赁需求方面，本季度市场租赁活动主要来 自于金融机构和TMT企业，共享办公品牌 继续保持扩张势头。 十二月份的中央经济会议为明年以 及"十五五"的经济发展定下基调，继续扩 内需、科技创新，并且积极推动产业高端 化、智能化和绿色化。在积极的政策引导 下，"十五五"期间，国内经济有望减轻通 缩带来的负面影响，之于写字楼市场也将 存在温和复苏的可能。 未 来 一 年，上 海 写 字 楼 市 场 预 计 将 有 接近140万平方米的新 ...

中国力量席卷全球: 绿色赋能地产先行 掀起全球制造出海新浪潮 本白皮书系统梳理中国企业出海的发展现状，路径、挑战及全球化 新机遇，重点纳入企业海外房地产布局的核心逻辑与实践路径。 莱坊 2026年1月15日 "字体颜色"(Font Colour) 的下方 与您并肩同行的地产伙伴 knightfrank.com/research 使用滴管工具(eyedropper tool )可选择所需颜色。滴 管工具位于"形状填 充"(Shape Fill)、"形状 轮廓"(Shape Outline)或 如何调整或删除目录标题的数量: 1.点击视图(View) >母版(Slide Master) 2.删除不需要的目录标题及下划线 3.点击"关闭母版视图"(Close Master View) 可返回原始目录页 目录 中国力量席卷全球：绿色赋能地产先行 掀起全球制造出海新浪潮 目录 | 01 | 前言 | 03 | | | --- | --- | --- | --- | | 02 | 中国企业出海现状分析 | 04 - | 08 | | 03 | 出海目的国 | 09 - | 11 | | 04 | 出海行业领域 | 12 ...

2025年 第四季度 本报告重点关注深圳甲级写字楼市场，包括供应和需求、租金、空置率以及 knightfrank.com.cn/research 写字楼投资市场等方面相关信息 概览和展望 深圳甲级写字楼市场 季度报告 市场筑底延续，复苏节奏取决于宏观与信心变化 2025年第四季度，深圳甲级写字楼市 场延续"去化回升、价格承压"的局面。年 末集中签约带动净吸纳量升至163,123平 方 米（全 年 最 高），叠 加 本 季 度 零 新 增 供 应，全市空置率环比下降1.5个百分点至 24.6%。但租金仍在下行通道内，全市平均 有效租金降至145.6元/平方米/月，环比下 跌1.9%；跌幅较上一季度收窄0.3个百分 点，反映价格调整边际放缓，但仍缺乏能够 支撑租金企稳的确定性变量。 需求端的回升更偏向于周期性修复而 非普遍扩张。行业上，TMT（47.9%）与金融 （25.9%）合计贡献超过七成成交，科技企 业在人工智能、跨境电商、网络安全等细分 领域持续扩张。商贸零售以12.5%位列第 三，更明显反映消费相关企业的新设办公 需求。全年观察，搬迁（54.2%）仍为主导， 企业更倾向于通过搬迁、整合与面积优化 来控制 ...

Investment Rating - The report does not explicitly state an investment rating for the industry or city Core Insights - The Warsaw office market ended 2025 in strong shape, with total take-up exceeding 794,000 sq m, marking a 7% increase compared to the previous year [14] - The vacancy rate fell to 9.1%, its lowest level in over five years, driven by robust demand growth and limited new supply [20][21] - The market is becoming increasingly environmentally sustainable, with 67% of total stock holding green building certifications [18] City Attractiveness - Warsaw has a population of 1,862,402 as of June 2024, with a forecasted population of 2,132,000 by 2030 [5] - The city has a GDP growth of 14.9% in 2023 and an average salary in the business sector of PLN 10,791.55 as of November 2025 [5] - Warsaw ranks highly in various categories, including being the 2nd in the European Innovation Capital competition [7] Investment Incentives - The city offers an individual approach to investors, assistance at every stage of investment, and support in obtaining necessary information on public aid [8][48] - Key areas of support include recruitment activities, post-investment support, and cooperation with academic centers and HR agencies [10][11] Office Market Overview - As of the end of 2025, total office stock in Warsaw reached 6.23 million sq m, with a significant portion located in central zones [15] - New supply in 2025 was limited, with only 89,000 sq m delivered, marking the lowest annual volume in over two decades [16] - The final quarter of 2025 saw leasing activity total nearly 310,000 sq m, the highest quarterly result ever recorded in Warsaw [17] Vacancy and Rent Trends - The vacancy rate in central zones was 6.1%, while non-central locations recorded a rate of 11.6% [21] - In Q4 2025, headline asking rents remained stable, with central locations ranging between EUR 18.00 and 32.00/sq m/month [22] Quality of Life - Warsaw boasts over 850 km of bike paths and 47% green areas, contributing to its attractiveness as a city [13] - The city has a robust cultural scene with numerous museums, theatres, and recreational facilities [13]

全球超高端智 能 knightfrank.co.uk/research 税收压垮了伦敦，而迪拜蓬勃发展。 2025年第四季度，全球超级高端市场活动加速，在我们12个关键市 场中，我们追踪了555笔超过1000万美元的交易，同比增长17%， 总销售额达到103亿美元（同比增长20%）。平均销售价格上升至1 860万美元（从第三季度的1810万美元）。 在我们12个市场中，我们在第四季度记录了555 笔超过1000万美元的销售，总额达到103亿美元 。平均交易额略微上升至1860万美元，因为在 迪拜、香港、悉尼和迈阿密的业务活动同比强劲 增长。从12个月的角度来看，销售额略有下降， 从前一个季度的峰值降至2,164笔销售，总价值 为405亿美元，仍然是自2021年以来第二强的年 度累计销售额。 在强劲的年中表现之后，(32；环比-11%)稳步 转为较软。最大的新闻是伦敦在季度基础上再 次下滑，在第四季度（35笔交易）中按交易量 排名第七，悉尼、迈阿密和新加坡都领先，英 国财富和财产税的争论影响了情绪；尽管交易 减少，伦敦的总额大致持平，为7.24亿美元（ 环比+2%）。在美国阳光地带和西海岸市场， 迈阿密反弹（4 ...

Moderate rental growth amid high incentives and vacancy 0 100 200 300 400 500 600 700 800 900 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 Sydney industrial vacancy Outer West South West Inner West South By precincts, floorspace in '000sqm, 5,000sqm+ Sydney Industrial State of the Market Q4 2025 This report provides a precinct-by-precinct quarterly update of the Sydney industrial market Click here to s ubscribe ESR Wetherill Industry Park Leasing overview Sydney industrial ta ...

Investment Rating - The report indicates a positive outlook for the global housing market, with an average annual nominal growth of 2.4% across 55 markets in Q3 2025, signaling a modest improvement in pricing conditions [2][6]. Core Insights - Global house price growth strengthened in Q3 2025, with a rise to 2.4% from 2.2% in Q2, marking the highest growth since Q1 2024. This growth is supported by a shift in monetary policy, with central banks implementing 27 net rate cuts and no hikes during the quarter [2][3][6]. - Turkey leads the index with a nominal annual growth of 32.2%, although real growth is negative at -0.8%. Other notable markets include North Macedonia (25.1%) and Portugal (17.7%), with a significant presence of European markets in the top rankings [3][4]. - Despite nominal growth, global real house price growth remains slightly negative at -0.1% year-on-year, indicating that inflation continues to impact purchasing power and affordability [5][6]. Market Analysis - In Q3 2025, 86.3% of tracked markets experienced positive annual growth, reflecting a gradual improvement in market momentum [4][6]. - The report highlights that a sustained improvement in real growth will require further policy support and a clearer reduction in price pressures, as current nominal gains are not translating into real benefits for consumers [5][6].

TheBrussels Office Market H2 2025 Fresh data and insights on the capital of Europe knightfrank.be/research The Brussels Office Market H2 2025 Two-speed Brussels. This semester we offer an alternative look at occupier activity in 2025. Belgian GDP growth is expected to remain modest, forecast at 1.1% in 2026. Although inflation is easing and confidence among households is improving, domestic demand will stay constrained. Household purchasing power is set to rise only slightly, partly due to cuts in unemploym ...

Hong Kong Market Report Q4 2025 Jan 2026 This report analyses the performance of Hong Kong's office, knightfrank.com.hk/research residential and retail property markets Office Finance sector and PRC-related demand drive solid take-up in premium office spaces in Central, while existing vacant space and future supply still hinder overall rental growth Q4 2025 Office Highlights Total Grade-A Office Vacancy Average Unit Rent (Net sq ft) Quarterly Take-up (Net sq ft) 15.6% HK$49.5 +880,125 Table 1 : Q4 2025 Majo ...

Investment Rating - The report indicates a positive sentiment towards various property sectors, particularly retail and shopping centers, with expected total returns of +8.4% in 2026, up from +7.1% in 2025 [10][8]. Core Insights - Sovereign wealth funds (SWFs) are increasingly diversifying investments into UK commercial real estate, with investments rising to £1.83 billion in 2025, a 161% increase year-on-year [9]. - The retail sector, especially shopping centers and retail warehouses, is projected to outperform other sectors from 2025 to 2029, with annual total returns of +8.7% and +8.3% respectively [10][8]. - The report highlights a significant increase in fundraising for private equity, with the top ten funds capturing 46% of total fundraising in 2025, marking the strongest level in over a decade [8]. Summary by Sections Rental Yield Projections - Various property types show stable or positive rental yields, with high street properties maintaining yields between 2.75% and 3.00% and retail properties at 4.50% [3]. - Community plans and successful local schemes are projected to yield between 9.50% and 10.00% [3]. Market Trends - The report notes a positive outlook for the UK shopping center market, with expected performance improvements and a general increase in total returns across property types [10][8]. - The report emphasizes the role of lower oil prices in accelerating SWF investments in commercial real estate, providing stable returns and portfolio stability [9]. Economic Indicators - The Bank of England's base rate is projected to remain stable at 4.00% into 2026, influencing the overall investment climate [13]. - The report indicates that the UK commercial real estate market is experiencing a resurgence in interest from international investors, particularly from oil-rich nations [9].