“千企千楼行动计划”开启

Core Viewpoint - The 2025 China Commercial Real Estate Investment Exhibition and the first "Thousand Enterprises Thousand Buildings" action plan conference successfully took place, focusing on revitalizing commercial office space and optimizing park space in the context of economic recovery [1][2]. Group 1: Market Conditions - The average vacancy rate for commercial office space nationwide exceeds 20%, with some second-tier cities experiencing vacancy rates over 35%. Rental prices have decreased by 15% to 20% compared to the peak in 2020 [1]. - The average vacancy rate for provincial-level development zones exceeds 35%, with some newly built parks reaching vacancy rates as high as 60% [1]. Group 2: Action Plan - The "Thousand Enterprises Thousand Buildings" action plan aims to connect 1,000 enterprises with 1,000 buildings over three years, addressing the last-mile issue in site selection for small and medium-sized enterprises [1][2]. - The initiative is supported by the All-China Real Estate Chamber of Commerce and involves collaboration with 100 business associations, channel agents, and developer service members [1]. Group 3: Future Market Trends - Five key trends in the commercial real estate market are highlighted: 1. Bulk transactions are seen as an early indicator of market stabilization, with activity levels beginning to rebound [2]. 2. Urban renewal is emerging as a new focus, marking a transition to a new phase in the commercial real estate sector [2]. 3. Flexible office spaces are expected to shift from a marginal demand to a mainstream option in the market [2]. 4. Sub-sectors like agency and commercial services are becoming new avenues for development as some real estate companies transition to operators and service providers [2]. 5. ESG (Environmental, Social, and Governance) considerations are becoming essential, with green buildings being a necessary focus for companies like China Overseas, Joy City, and Charoen Pokphand [2].