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2025年第一季度北京房地产市场回顾2025
CBRE·2025-04-14 10:30

Investment Rating - The report indicates a moderate recovery in the Beijing office market, with a stable increase in new leases and a notable rise in demand for life science parks, suggesting a positive outlook for investment in these sectors [4][5][34]. Core Insights - The Beijing office market experienced a warming sentiment in Q1 2025, with new leases showing a robust year-on-year growth, particularly driven by the TMT sector [9][10]. - The overall net absorption in the office market reached 110,000 square meters, a 16% increase compared to the previous quarter, primarily fueled by technology hubs like Zhongguancun and Wangjing [10]. - The retail property market faced challenges, with no new commercial projects delivered, leading to a focus on transforming existing assets to adapt to changing consumer behaviors [18][19]. - The logistics market saw a recovery in new leasing demand, with net absorption turning positive for the first time in four quarters, indicating a rebound in the sector [25]. - The investment market remained active but showed a slight decline in transaction volume, with a total of 9 transactions amounting to 9.29 billion yuan, reflecting a cautious approach from investors [45]. Summary by Sections Office Market - New office supply in Q1 2025 totaled 31,000 square meters, with a pre-leasing rate of nearly 20% before market entry [9]. - The TMT sector led new leasing demand, accounting for 40% of the total, followed by finance and professional services [11][39]. - The average rental price decreased by 2.9% to 249.2 yuan per square meter per month, with a vacancy rate dropping to 20.4% [10]. Retail Market - The retail sector saw a slight decline in consumer spending, with a 0.1% decrease in total retail sales, and a 4.1% drop in dining revenue [19]. - The average rental price in shopping centers continued to decline, down 0.4% to 31.3 yuan per square meter per day [20]. - The core shopping districts experienced a more active brand turnover, with landlords adjusting their tenant mix to meet market demands [21]. Logistics Market - The logistics sector recorded a new supply of 67,000 square meters, with third-party logistics accounting for 60% of new leases [25]. - The overall vacancy rate in the logistics market increased to 25.0%, with average rental prices declining by 3.9% to 48.4 yuan per square meter per month [25]. Investment Market - The investment market saw 9 transactions totaling 9.29 billion yuan, with self-use buyers driving demand for office properties [45]. - The report highlights a growing interest in high-quality office assets, particularly in non-core areas, as companies seek to optimize their real estate portfolios [49].