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Beijing | 2020 | BUSINESS PARK: MARKET DEMAND REOCVERED RAPIDLY SINCE Q3 2020

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20210113 BJ Business Park 1535 EN

The 2021 market is still under pressure from high vacancy due to and high new supply since 2019.

The business park (BP) market has been relatively little affected by the pandemic, mainly because the BP market is dominated by emerging technology and internet technology companies, many of which are industries which may even benefit from the pandemic, such as online video, online education and online medical treatment. Since Q2 2020, market demand has picked up steadily, reaching a net absorption of 150,000 square meters (1.6 million square feet) for the full year. Among them, Shangdi is the only sub-market that has seen vacancy decline and rent increase.  

20210113 BJ Business Park 1024 EN

Beijing | 2020 | BUSINESS PARK: MARKET DEMAND REOCVERED RAPIDLY SINCE Q3 2020

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