In H2 2022, demand in Beijing’s business park continued to be weak,and net absorption has been negative for four consecutive quarters.
In H2 2022, demand in Beijing’s business park continued to be weak. Net absorption has been negative for four consecutive quarters. Throughout the year, the number of large leasing transactions decreased significantly compared to 2021. Although the top IT companies consolidating their office space had a significant impact on the market performance, the IT industry is still the main source of demand for Beijing's BP market in 2022.
