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Beijing | 2021 Q2 | Office

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15351040en

Continued High Demand Pushing Down Vacancy Rate

Dear Valued Client,

• Beijing's Grade A office market saw strong performance in Q2. Demand came mainly from the finance and internet technology sectors.

• Due to the demand spike, we expect the market may see a supply-demand balance by the end of the year, causing vacancy to drop towards year end.

• We recommend tenants take the opportunity of more affordable rents to focus on the new projects in the CBD and Lize as we expect the window for declining rents will close by the end of 2021.


972en

Beijing | 2021 Q2 | Office

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