Group 1: Office Rental Market Overview - The average office rental price in eight major cities (Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Chengdu, Nanjing, and Wuhan) decreased by 7.35% month-on-month to 2.3 yuan/square meter/day in December 2025, with the decline accelerating compared to November's 6.28% [4] - Year-on-year, the average rental price dropped by 19.37%, with all cities except Shenzhen experiencing double-digit declines, particularly in Guangzhou, Beijing, and Nanjing [4] - The imbalance between supply and demand in the office market is evident, with a 6.7% year-on-year increase in new office space completed in 2025, while demand remains weak, primarily supported by sectors like technology and finance [4] Group 2: Supply and Demand Dynamics - A significant influx of high-quality office projects is expected in major cities like Shanghai, Beijing, Guangzhou, Hangzhou, Xi'an, and Changchun from late 2025 to early 2026 [5] - The first-tier cities' Grade A office rental prices continued to decline in Q4 2025, with varying degrees of decrease across the four cities [4] - The vacancy rate in Beijing decreased due to no new supply, while Shanghai, Guangzhou, and Shenzhen saw high vacancy rates due to new supply or high existing stock [4] Group 3: Project Developments and Market Activity - Major commercial real estate companies like China Resources Land, Oceanwide Holdings, and Hang Lung Properties are actively developing new projects and revitalizing existing assets through urban renewal [7][9] - The Shanghai China Resources Center, a key project, has a total construction area of approximately 125,000 square meters and has completed its construction registration, allowing for immediate tenant entry [8] - The operational capabilities of office space operators are crucial, with projects like the Shanghai China Resources Center attracting luxury brands like LV, indicating strong foreign investment confidence in the Shanghai market [11] Group 4: Market Expansion and Trends - The office space service sector is witnessing a gradual recovery in expansion confidence, with 12 new projects signed or opened during the reporting period, reflecting a positive trend [16] - IWG Group leads with four new openings in cities like Shenzhen and Hefei, emphasizing its deep penetration into core cities [16] - The concentration of projects in core cities and key areas is notable, with Shenzhen being the most active city, followed by Shanghai, indicating a strong demand for office space driven by small and medium enterprises [17]

责任编辑：郭栩彤 作为我国首个荣膺"净零碳卓越级认证"的超高层写字楼，远洋北京CBD Z6项目既是远洋集团响应国 家"双碳"战略的标志性成果，也代表了中国建筑在绿色低碳转型道路上的前沿探索。项目从设计到运营 系统融合绿色基因与数智理念，规模化集成屋顶光伏发电、高效能源机房、智慧照明调控、重力势能回 馈电梯等先进低碳技术，并积极引入绿电交易机制，大幅提升清洁能源利用率，成功构建覆盖超高层建 筑全生命周期的碳中和解决方案。 凭借在绿色建筑与碳中和领域的系统化实践与领先成果，远洋北京CBD Z6项目在本次大会上赢得国内 外专家与行业同仁的高度赞誉。此次参与制定楼宇碳中和评价规范，进一步凸显远洋集团在绿色建筑标 准体系建设中的引领地位。未来，远洋将持续推进技术创新与实践推广，不断输出"远洋经验"，助力中 国楼宇经济加速向低碳化、智慧化转型。 9月10日至14日，由商务部和北京市人民政府共同主办的2025年中国国际服务贸易交易会（简称"服贸 会"）在京举行。在服贸会重要专题论坛"全球楼宇经济生态大会"上，远洋北京CBD核心区Z6项目被授 予"《商业楼宇净零运营与碳中和评价规范》团体标准参编单位"荣誉称号。 ...