科技企业需求为北京办公楼市场提供支撑

Core Insights - The office market in Beijing is experiencing a buffering period with overall rental performance facing significant challenges, although liquidity improvements are expected to boost market confidence and solidify recovery foundations [1] Office Market - Technology companies are leading in leasing activity, particularly through consolidation and expansion, which enhances market liquidity [1] - In Q2, the overall viewing volume of Grade A office buildings in Beijing decreased compared to the beginning of the year, prompting landlords to actively retain high-quality tenants by offering flexible rent discounts and rent-free periods [2] - The vacancy rate for Grade A office buildings remains stable, with demand from internet giants contributing 70% to the net absorption in Q2, while other market demand is limited [2] Retail Market - The retail real estate market is experiencing a quarterly supply peak, with niche brands focusing on emotional value creating new consumer hotspots [1] Industrial and Logistics Market - The industrial logistics market is entering a high supply cycle, with significant new projects in the Pingguzi market leading to an increase in warehouse space by 531,000 square meters [4] - The overall vacancy rate in the logistics sector rose by 4.4 percentage points to 29.6%, driven by high supply and low absorption rates, with average effective rents declining by 5.9% [4] - Despite current challenges, warehouse demand in Beijing is expected to recover moderately over the next two years, with improved cost-effectiveness of logistics properties potentially stimulating demand [5]