2024年苏州第三季度办公楼市场报告

Investment Rating - The report does not explicitly state an investment rating for the Suzhou office market. Core Insights - The Suzhou office market has seen a significant decline in new rental demand, with a net absorption of -6,759 square meters in the third quarter of 2024, indicating a weak market performance [15][17]. - The overall vacancy rate has increased to 23.6%, up by 0.2 percentage points from the previous quarter, reflecting a growing supply-demand imbalance [15][17]. - Average rental prices have continued to decline, with the current rate at 78.9 yuan per square meter per month, down 0.8% from the previous quarter [15][19]. Market Overview - The total stock of office space in Suzhou is approximately 3,409,886 square meters, with an average rental price of 78.9 yuan per square meter per month and a vacancy rate of 23.0% [11]. - The report highlights that there were no new projects launched in the third quarter of 2024, contributing to the negative net absorption [15][17]. - The demand for office space is primarily driven by the industrial manufacturing sector, followed by the financial sector, particularly insurance, and professional services [25][26]. Supply and Demand Analysis - The report indicates that the supply of office space is expected to remain robust, with an anticipated supply of 396,000 square meters from 2024 to 2027 [29]. - The demand analysis shows that internal capital remains the dominant force in the market, despite an overall slowdown in new rental demand [27]. - The report notes that the rental demand is concentrated in the East and West Lake areas of Suzhou [27]. Rental Trends - The average rental price has been on a downward trend, with a reported decrease of 0.8% in the third quarter of 2024 [19]. - The report indicates that some projects are adjusting their rental strategies due to market competition and rising vacancy rates [19]. Future Outlook - The report forecasts a continued decline in net absorption and an increase in vacancy rates, with expectations of a challenging market environment in the near term [31].