Hua Xia Shi Bao·2025-10-19 02:43Core Insights - Beijing Taikoo Li has achieved structural completion and is set to open in phases by the end of 2026, marking it as Swire Properties' largest investment project in mainland China [2][3][4] - The project includes 8 Grade A office buildings and a high-quality shopping center, which is expected to boost the eastern economy of Beijing and upgrade the commercial real estate landscape [2][3] Project Overview - The total floor area of Beijing Taikoo Li exceeds 860,000 square meters, featuring 8 interconnected office buildings with a combined area of over 330,000 square meters [3] - The design of the office cluster emphasizes efficiency, flexibility, health, and innovation, incorporating wellness facilities to enhance employee well-being and productivity [3] Market Dynamics - Despite increased competition in the office market, Grade A office spaces remain the preferred choice for most tenants, with a net absorption of 87,000 square meters in Q3, leading to a decrease in overall vacancy rates to 19.7% [5] - Rental prices for office spaces have seen a decline, with a 2.9% drop in Q3, averaging 234.8 yuan per square meter per month [5] Retail Strategy - The retail component of Beijing Taikoo Li will introduce the first "Taikoo Li" brand shopping mall in mainland China, integrating with the existing Pacific Place shopping center to create a total retail area of approximately 150,000 square meters [7] - The retail space will focus on outdoor retail and waterfront leisure experiences, featuring multifunctional spaces for social interaction and community engagement [7][8] Future Outlook - The market remains optimistic, with a focus on cost-driven, quality-driven, and green-driven real estate strategies among businesses [6] - The upcoming retail properties in non-core business districts are expected to contribute to the market, with 394,000 square meters of new retail space anticipated to open in the next six months [8]