仲量联行：2025年北京商业地产大宗成交总额约180亿元

Core Insights - The commercial real estate market in Beijing is expected to see a slowdown in large transactions in 2025, with an estimated total transaction volume of approximately 18 billion yuan, indicating a preference for commercial retail assets among investors [1] - The core AI industry in Beijing continues to lead the nation, driving a new wave of industrial chain transformation [1] - The office market in Beijing is undergoing a shift from a "downward cycle" to a "re-pricing" mindset, with rational demand and structural oversupply reshaping supply-demand relationships and pricing logic [1] Office Market - By the end of 2025, the overall vacancy rate for Grade A office buildings in Beijing is projected to decrease by 0.3 percentage points to 15.2%, showing slight signs of market improvement [2] - Lease renewals are expected to dominate the office market, with tenants gaining increased bargaining power [1] - The market is experiencing a transition towards rational supply, with new supply expected to exceed 800,000 square meters in 2025, about half of the total in 2024 [2] Retail Market - The retail real estate market is showing increased differentiation, raising operational demands for projects [1] - New supply of quality retail properties is primarily concentrated in the core urban areas during the first half of the year, with a significant slowdown in the second half [2] - The retail market in Beijing is anticipated to enter a new phase of high-quality development driven by operational capabilities and content innovation [2] Industrial and Logistics Market - The industrial logistics market is undergoing deep adjustments due to the dual pressures of concentrated new supply and persistently weak end-demand [1] Hospitality Market - The high-end hotel market is facing challenges in the second half of 2025, including price declines and slow revenue recovery, although market demand remains optimistic [1]