Winter 2009
Beijing - Office Briefing
- Net take-up jumps 65.4 per cent in the fourth quarter to 281,000 sqm as demand for quality office space from multinational companies returns
- Citywide vacancy rate drops 2.3 percentage points quarter-on-quarter to 19.6 per cent
- Effective Grade A office rents grow 2.6 per cent to an average of RMB152.7 per sqm per month, the first quarter-on-quarter increase since Q3/2008
- Leasable supply hits a new peak with 1.14 million sqm launched in 2009, equal to 15.5 per cent of total stock as of the end of 2008
- Chaoyang government proposes a build-to-suit model for the CBD's eastern expansion
