Group 1: Real Estate Market Overview - The macro policies have collaboratively stimulated the market demand potential, leading to improved market liquidity in Beijing's real estate sector [1] - The office market has seen notable leasing activity from technology companies, particularly in the Zhongguancun area, contributing to a decrease in vacancy rates [2] - The overall rental performance in the commercial real estate market faces significant challenges, with effective rents in the second quarter declining by 1.9% quarter-on-quarter and 4.4% year-on-year [1] Group 2: Retail and Commercial Real Estate - Approximately 360,000 square meters of new retail supply entered the market in the second quarter, accounting for 60% of the annual total [1] - Key projects such as the Zhonghai Dajixiang and the two JD Mall projects achieved high occupancy rates, indicating a positive trend in specific segments of the retail market [1] - The core market's premium projects are optimizing tenant structures to enhance competitiveness, while suburban market differentiation is expected to intensify [1] Group 3: Hotel Market Insights - No new high-end hotel openings occurred in the first half of 2025, but three new hotels are expected to open in the second half, adding a total of 667 rooms to the market [2] - The anticipated openings include the Crowne Plaza in Tongzhou and the Four Points by Sheraton in Sanlitun, which will significantly enrich the high-end hotel market landscape [2] - The overall market supply is projected to gradually increase over the next three years, indicating a positive development trend [2] Group 4: Office Market Dynamics - The overall vacancy rate for Grade A office buildings decreased by 0.4 percentage points to 12.0% in the second quarter, driven by significant leasing transactions in the Zhongguancun and Lize areas [2] - The rental forecast for 2025 indicates a continued decline of 14.8%, with lower rental rates expected to attract tenants seeking better-quality office spaces [2] - Increased competition among landlords to attract relocating tenants is anticipated, with more flexible lease terms becoming common [2]

世邦魏理仕发布《2025年上半年广州房地产市场回顾》指出，今年上半年，广州办公楼市场供应量显著 增长，新增入市面积同比增长126%至35.9万平方米，但净吸纳量小幅改善，同比增长20.5%，远低于供 应量的增长。 ...

Group 1 - The core viewpoint of the article indicates a slight recovery in the Shanghai office market in the first half of 2025, driven by strong performance in the finance, consumer goods manufacturing, and technology sectors [2][3] - In the first half of 2025, four new office projects were launched in Shanghai, with a total supply of 302,000 square meters, reflecting a 3.9% decrease compared to the previous period [2] - The net absorption in the Shanghai office market increased by 126.1% to 173,000 square meters, indicating a certain level of market activity despite challenges such as rising vacancy rates [2] Group 2 - The finance sector led the market with a 22% share, driven by demand from funds and non-bank financial institutions [2] - The consumer goods manufacturing sector ranked second with a 17% share, benefiting from the expansion needs of fast-moving consumer goods and home goods companies [2] - The technology, media, and telecommunications (TMT) sector ranked third with a 16% share, primarily driven by the expansion of cross-border e-commerce and internet platform companies [2] Group 3 - The professional services sector ranked fourth with a 10% share, supported by the relocation and expansion needs of legal and media companies [2] - A notable trend is the increasing preference for cooperative operation models among some property owners to enhance property attractiveness, with third-party office operations ranking fifth at 6% [2] - Looking ahead, approximately 770,000 square meters of new office supply is expected in the next six months, which may increase market competition but also enhance market liquidity and rental activity [3]

数据显示，今年上半年，上海办公楼市场呈现小幅回暖态势，全市净吸纳量环比增长126.1%至17.3万平 方米。 从行业需求来看，今年上半年，金融业以22%的占比继续领跑上海办公楼市场；消费品制造业位居第 二，占比17%，主要来自快消品和家居类企业的扩张需求；TMT位列第三，占比达16%，跨境电商和互 联网平台公司的扩张成为其主要驱动力；专业服务业排名第四，占比10%，主要来自法律和传媒类企业 的搬迁扩张需求；第三方办公运营排名第五，占比6%。 租金方面，上半年，上海办公楼市场租金报价较去年年底下降3.0%至每月每平方米247.2元，有效租金 下降4.3%至每月每平方米174.4元。 世邦魏理仕中国区顾问及交易服务部办公楼负责人张越表示："未来六个月，上海办公楼市场预计将迎 来约77万平方米的新增供应，尽管短期内将增加市场竞争，但同时也将有效激活市场流动性，推动租赁 交易的活跃度提升。" 世邦魏理仕7月8日发布的《2025年上半年上海房地产市场回顾》显示，今年上半年，上海办公楼市场需 求小幅回暖，金融、消费品制造业与科技行业表现突出。 在投资市场，今年上半年，上海物业投资市场共发生36笔交易，交易金额累计230. ...

中证报中证网讯（记者 彭扬）世邦魏理仕7月4日发布的《2025年上半年北京房地产市场回顾与展 望》报告显示，2025年上半年，北京办公楼市场三大科技中心区（中关村、奥体、望京）去化领先，供 需结构稳步改善。 新租需求稳步改善，叠加优质楼宇大面积退租减少，第二季度全市净吸纳量环比攀升至14.5万平方 米，上半年累计达25.5万平方米，同比增长1.1倍。从子市场看，中关村、奥体、望京三大科技中心区凭 借人才及产业链等优势，成为头部科技企业战略布局的首选，上半年90%的万平米级租赁交易落位这些 区域，净吸纳量合计占全市的80%。 世邦魏理仕华北区顾问及交易服务部办公楼租户负责人袁慧表示，今年下半年仅有一个新项目预计 在年底投放至新兴区域。尽管缺少新增供应，存量可租面积仍然充裕，租户仍可获得高性价比的空间解 决方案。 报告指出，2025年第二季度，位于石景山和菜市口的两个新项目交付使用，为市场带来14.8万平方 米的新增办公面积。上半年，全市新增供应总量为18万平方米，已经完成全年预期总量的83%。 报告显示，市场情绪延续向好，上半年全市新租交易总面积同比增长33%。上半年新租需求的三大 主力行业依次是TMT（40% ...

Core Insights - The report by CBRE indicates a positive trend in Beijing's office market, with a 33% year-on-year increase in new leasing transaction area in the first half of the year [1][2] Supply and Demand - In the first half of the year, Beijing's total new supply reached 180,000 square meters, accounting for 83% of the annual forecast [1] - The net absorption in the second quarter rose to 145,000 square meters, with a cumulative total of 255,000 square meters for the first half, representing a 1.1 times year-on-year increase [2] - The overall vacancy rate decreased by 0.8 percentage points to 20.2% in the first half of the year [2] Market Segmentation - The three main industries driving new leasing demand are TMT (40%), finance (20%), and professional services (12%) [1] - Key technology hubs like Zhongguancun, Olympic Sports Center, and Wangjing accounted for 90% of large-scale leasing transactions, with a combined net absorption of 80% of the city's total [2] - Traditional markets such as Yansha, CBD, and Wangfujing experienced negative net absorption, particularly in the B-grade market [2] Rental Trends - Average rent decreased by 2.7% quarter-on-quarter and 5.5% year-on-year, reaching 241.7 yuan per square meter per month [2] - Emerging areas are actively adjusting rental strategies to mitigate vacancy pressures and maintain cost advantages [2] Future Outlook - Only one new project is expected to be launched in the emerging area by the end of the year, but ample existing rental space remains available [3] - The Beijing government has introduced several measures to optimize the business environment, which is expected to positively impact demand from headquarters, R&D, and foreign investment [3]

7月4日，CBRE世邦魏理仕发布《2025年上半年北京房地产市场回顾与展望》报告，指出2025年上半 年，北京办公楼市场科技中心去化领先，供需结构稳步改善；零售物业市场城市更新项目主导新增供 应，餐饮品牌推陈出新带动需求；仓储物流市场新兴区域供应激增推高北京空置，核心区域租金加速下 调；商务园区市场产业集聚效应加持，新租需求回暖；物业投资市场投资类交易活跃度回升，价格下 调、政策支持共促交易落地。 办公楼市场：科技中心去化领先，供需结构稳步改善 2025年第二季度，位于石景山和菜市口的两个新项目交付使用，为市场带来14.8万平方米的新增办公面 积。上半年，全市新增供应总量为18万平方米，已经完成全年预期总量的83%。 市场情绪延续向好，上半年全市新租交易总面积同比上涨 33%。上半年搬迁交易数量与面积同比双 增，随着议价能力的扩大，企业可以更低的置换成本，调整办公选址布局，实现业务、人才等资源聚合 迭代，推动中关村、金融街等产业资源集中且租金成本显著回调的子市场搬迁交易面积同比大幅提升。 企业扩租决策保持谨慎且面积偏小，以保证聚焦核心业务、渐进式扩容的要求。上半年新租需求的三大 主力行业依次是TMT（40%） ...

中新网广州6月26日电 (记者许青青)据仲量联行26日提供的数据，2025年上半年广州甲级办公楼租赁市 场(下称"广州办公楼租赁市场")净吸纳量约8万平方米，企业品牌升级与出海服务需求带动广州办公楼 租赁需求结构优化。 数据显示，2025年上半年，广州TMT行业继续领跑广州办公楼租赁市场，占全市新租赁面积约30%。全 球化品牌运营的产业新赛道催生了第三方服务的市场，为广州办公楼租赁市场注入新的活力。企业管理 系统软件商、数据分析软件、MCN机构等电商服务商的等贡献了TMT行业超半数的新租赁面积。琶洲 和广州国际金融城两大新兴商务区商业氛围逐步成熟、租金门槛较低，持续吸引TMT行业及面向成长 型企业的专业服务业集聚。 此外，广州制造业转型升级的浪潮中，品牌集群效应正催生新一轮办公空间需求升级。仲量联行研究部 资深董事、中国区物流地产研究负责人曾丽介绍，三类企业正带动广州办公楼市场的新兴需求，一是完 成品牌化布局的细分赛道头部企业，像特色生鲜垂直平台、专注在线销售渠道的美妆集团与头部 MCN 机构，业务扩张促使其办公空间需求增长；二是本地游戏企业，其全球竞争力提升带来办公升级的持续 需求；三是进入资本化阶段的跨境 ...

点击上图 ▲立即报名 3月美国通胀超预期降温 4月10日，美国劳工统计局公布3月CPI数据显示，美国3月CPI同比上涨2.4%，为7个月来最低水平，略低于预期的2.5%，较前值2.8%明显下 降；环比下降0.1%，为2024年6月以来首次为负，同时为2020年5月以来最低水平，预期为上涨0.1%。3月核心CPI同比上涨2.8%，涨幅为连续 第二个月回落，创2021年3月以来最低纪录，低于预期的3%，前值为3.1%；核心CPI环比上涨0.1%，创2024年6月以来新低。 多位美联储官员已通过公开评论和访谈释放明确信号，排除了采取预防性降息作为对经济放缓的保险政策，为了最大限度降低关税政策引发的通 胀上行风险，他们可能准备维持政策利率不变。（华尔街见闻） ｜点评｜ 尽管美国3月食品通胀回升，但是在出行、住房、二手车等多维度价格下降的带动下，美国CPI整体超预期降温。3月国际原油价格下 降，部分美国居民因担忧关税政策取消了旅游计划，出行价格有所回落。禽流感继续对美国鸡蛋产业链形成冲击，美国鸡蛋价格快速上涨，并 带动食品行业价格回升，成为阻碍美国通胀回落的主要因素。 随着美国政府关税政策的出台，美国3月CPI数据能提 ...