北京写字楼市场复苏趋势明显明显

Group 1: Beijing Grade A Office Market - The vacancy rate for Beijing's Grade A office market has continued to decline, with an average rate of 19.0% by the end of Q3 2025, showing a clear recovery trend [3] - The net absorption in the Grade A office market for Q3 was approximately 89,000 square meters, an increase of 8.1% quarter-on-quarter, marking the ninth consecutive quarter of positive absorption [3] - Cumulatively, the net absorption for the first three quarters reached 223,000 square meters, a year-on-year increase of 31.5%, indicating a significant recovery in leasing demand [3] Group 2: Rental Trends - The average rent for Grade A offices in Beijing decreased by 2.1% quarter-on-quarter to 223.7 yuan per square meter per month, although the rate of decline is narrowing [3] - The decline in rental prices is attributed to improved supply-demand dynamics and property owners adjusting rents more rationally based on costs and returns [3] Group 3: Future Market Outlook - The Grade A office market is expected to experience stable supply, differentiated demand, and overall pressure in the coming years, with supply intensity remaining steady over the next three years [4] - Areas with new productivity such as internet, information technology, AI, and large models are expected to see increased demand, while non-core areas and traditional industries may experience weaker demand [4] Group 4: Retail Market Developments - In Q3, four new retail projects entered the Beijing market, providing 213,600 square meters of new retail space, leading to an increase in the average vacancy rate of quality shopping centers by 1.6 percentage points to 8.6% [5] - The average rent for prime shopping centers adjusted to 748.2 yuan per square meter per month, reflecting a 1.4% quarter-on-quarter decline [5] - The retail market is entering a new phase of supply-side optimization and structural upgrading, driven by urban renewal and consumption scene upgrades [5]