机构预计：北京甲级办公楼2026年全年平均租金降幅将收窄至6.6%

Core Insights - The overall vacancy rate of Grade A office buildings in Beijing decreased by 0.3 percentage points to 15.2% by the end of 2025, indicating slight market improvement [2] Group 1: Market Performance - The net absorption in the city reached 21,790 square meters, showing a slight decline compared to the previous quarter [2] - The CBD and Wangjing areas performed relatively well in terms of absorption, benefiting from significant rent reductions by landlords to attract tenants [2] - No large-scale new supply entered the market in Q4 2025, but approximately 700,000 square meters of new projects are expected to be delivered in 2026, making the current absorption phase crucial for landlords to stabilize future occupancy rates [2] Group 2: Rental Trends - The average monthly rent for Grade A office buildings in Beijing was 210 yuan per square meter in Q4 2025, reflecting a 5.6% decrease quarter-on-quarter and a 16.3% decline year-on-year [2] - The pace of rental declines is expected to slow down over the next 12 months, with an anticipated average rental decrease of 6.6% for the entire year of 2026, indicating some stabilization in leasing performance in certain sub-markets [2] - Tenant bargaining power has reached historical highs, leading landlords to adjust initial pricing closer to achievable levels [2][3]