北京甲级写字楼市场延续回暖态势，空置率持续回落

Group 1 - The 22nd Annual Conference of the China Office Industry Park Development Forum was held in Beijing, focusing on the theme "Involution and Evolution: Paradigm Shift in Commercial Office" [1] - The Deputy Director of Beijing Investment Promotion Service Center, Tang Yonghong, emphasized the importance of commercial real estate in the economic system and its role in shaping urban image and enhancing competitiveness [1] - As of the end of Q3, the average vacancy rate of Grade A office buildings in Beijing is around 19%, showing a quarter-on-quarter and year-on-year decrease of 0.6 and 0.1 percentage points respectively [1] Group 2 - Hu Feng, Managing Director of North China at Cushman & Wakefield, noted that the office market is influenced by both demand and supply, with Beijing's Grade A office stock at 13 million square meters and a vacancy rate of 16% [2] - Liu Kai, Executive Vice President of the Office Committee of the All-China Real Estate Chamber of Commerce, stated that the commercial real estate market is at a crossroads of "involution" and "evolution," requiring a process for stabilization and recovery [2] - Liu proposed six paradigm shifts needed in the office industry: from product-centered to user-centered, from incremental expansion to stock optimization, from space transformation to urban renewal, from public REITs to asset digitization, from "Internet+" to "AI+" era, and from "involution" competition to "co-opetition" [2] Group 3 - The total building area of industrial parks in China has exceeded 6 billion square meters, with an annual new supply of 14 million square meters, while actual demand growth is lagging behind supply expansion [3] - The average vacancy rate of provincial-level development zones in China exceeds 35%, with some newly built parks reaching 60% [3] - Wu Jing, Director of the Real Estate Research Center at Tsinghua University, highlighted three macro variables to focus on for the development of the office and industrial park sectors: market variables, institutional variables, and technological variables [3]