"Beijing Grade A office marketkicked off the year 2025 withsteady performance. No newprojects were launched in thequarter, while leasing demandhas continued to pick up,receiving positive absorptionsfor seven consecutive quarters.In the short term, landlords willcontinue the ‘price-for-volume’strategy, and more importantlyrental adjustments will drive upthe market trends."

"Beijing’s Grade-A office market recovered steadily in 2024. Limited new supply in the year provided landlords with a good opportunity for destocking. Meanwhile, the prevailing ‘price-for-volume’ strategy aligns with corporate tenants’ rigid demand for cost reduction and efficiency improvement. As favourable real estate policies gradually take effect, they are expected to drive overall industry stabilization and improvement, creating critical development opportunities for the office market."

"In Q3/2024, Beijing’s Grade A office market further recovered, led by strong leasing demand release. On the supply side, a new project was completed with a strong pre-leasing performance. Meanwhile, demand remained steady this quarter, and market activity is quickly picking up. The government’s comprehensive real estate supporting policies launched in late September is expected to provide positive momentum and opportunities for Beijing’s office market."

"In the first half of 2024, Beijing’s Grade A office market recovered steadily. With no new supply projects and a gradual recovery in demand, market activity showed signs of improvement. In the remainder of 2024, Beijing’s office market is expected to see several new projects, further stimulating competitions and potentially causing new fluctuations in vacancy rates."