报告称四季度北京甲级写字楼空置率持续回落

Core Insights - The report by DTZ indicates a continued decline in the vacancy rate of Grade A office spaces in Beijing, driven by sustained demand from the TMT sector, despite ongoing downward pressure on rental prices [1][2] Group 1: Market Overview - As of the end of Q4, the total stock of Grade A office space in Beijing remains at 13.68 million square meters, with no new supply throughout the year [1] - The overall vacancy rate for Grade A office spaces decreased by 0.6 percentage points quarter-on-quarter and by 2.4 percentage points year-on-year to 15.89% [1] - The vacancy rate in the five core business districts fell by 0.4 percentage points quarter-on-quarter and by 1.8 percentage points year-on-year to 10.37% [1] Group 2: Rental Trends - Effective rental prices for Grade A office spaces in Beijing decreased by 4.6% quarter-on-quarter and by 16.0% year-on-year, reaching 205.62 RMB/month/square meter [1] - In the five core business districts, effective rental prices fell by 5.6% quarter-on-quarter and by 18.6% year-on-year, amounting to 235.96 RMB/month/square meter [1] Group 3: Demand Dynamics - The leasing demand in the office market is primarily driven by traditional sectors, with TMT, professional services, and finance accounting for over 70% of new leases and relocations, with TMT alone representing 38.5% [2] - The artificial intelligence sector is identified as a key growth driver within the TMT industry [2] Group 4: Future Outlook - By the end of 2028, an estimated 1.879 million square meters of new supply is expected to enter the market, with 1.26 million square meters anticipated to be completed in 2026, mainly in the Central Business District, Tongzhou, and Wangjing-Jiu Xianqiao areas [2] - This influx of new supply is expected to exert continued pressure on the market, potentially leading to a temporary increase in vacancy rates and ongoing downward pressure on rental prices [2] - However, policies aimed at developing high-tech industries are expected to stimulate leasing demand and provide momentum for market recovery [2]