Beijing commercial real estate in the first quarter flat start vacancy rate rose to 13%

China Paint Network
: The first quarter of Beijing's housing market suffered from "reverse spring cold", and commercial real estate is also clouded. Reporters from commercial real estate agencies Gaoli International, DTZ Dai Deliang Bank, Laifang International, etc. were informed that the first quarter of economic growth pressure has been reflected in office buildings and shops and other commercial real estate areas.
Office demand flat rents slightly decline
Beijing Grade A office buildings in 2013 after a surge in rents of more than 40%, 2014 began to enter a period of stability, pressure may be reflected in the second half of the year.
the statistics of the agencies are different because of the different criteria for determining Grade A office buildings. For example, in the database of Gaoli International, the stock of Grade A office buildings in Beijing in the first quarter was 5.48 million square meters, while Dai Deliang Bank counted 6.99 million square meters of stock, making the vacancy rate in the first quarter of the statistics of the two institutions 6%, 2.8%, respectively, but a number of institutions on the first quarter of Beijing Grade A office demand weakened, a flat start to reach a consensus.
, Gaoli International statistics show that in the first quarter of Beijing Grade A office rent fell 0.2% month-on-month to 310 yuan / month / square meters. Zhang Wei, deputy director of Leifang's Beijing research and consulting department, revealed that Rents for Grade A office buildings in Beijing fell by 1.1% in the first quarter.
,000 companies in six cities in north China, Beijing's GDP growth is the slowest, and the economic downswing is already evident among office merchants. Zhao Yan, head of research at Dai Deliang's North China department, revealed that many companies find that profits are mostly used to pay the high rents in downtown business districts, so migration has become a trend. According to Dai Deliang, the net absorption of Grade A office buildings in Beijing in the first quarter was 38,443 square meters, down 58% month-on-month and more than 27% year-on-year.
" in the short term the market is still facing a small decline in rent pressure. Xie Qihui, deputy director of The North China Region of Gaoli International Research, said that four Grade A office projects in Beijing were expected to be completed within the year, and that some office buildings had begun to offer more favorable terms for early and enterprise renewal due to the expected increase in supply.
store vacancy rate rose to 13.3
compared with the flat office market, the retail market, dominated by shops, is more competitive. According to Dai Deliang, the total stock of the Beijing shop market is 7.18 million square meters. As sanlitun MALL many shops are in the renovation stage has not opened, the city-wide shop vacancy rate as high as 13.3%, up 0.5% month-on-month.
" investment pressure, many of the shopping malls originally planned to enter the market last year have postponed the plan. More than 100,000 square meters of shopping malls are expected to hit the market in the second quarter, said Chen Shiqi, head of business advisory for China at Daidliang Bank.
January-February this year, the city's retail sales of consumer goods reached 140.23 billion yuan, up 3% year-on-year, but increased by more than 10% year-on-year in the first quarter of 2013, according to the Beijing Municipal Bureau of Statistics. Competition pressure increased, many shopping malls began to adjust the industry, differentiated competition.
Take Sanlitun Business Circle as an example, is trialling the Sanlitun MALL main catering, supermarkets, hair salons and other life services shops, in order to attract nearby office tenants to consume, and with the surrounding Swire to form a different competition;
" in the impact of online shopping and other e-commerce, shop returns are getting worse and worse, and now many shopping malls are beginning to return to the old way of competitive dining. Yang Guang'an, director of The Service Department of Gaoli International, lamented that some well-known foreign fast-selling brands and mainland developers had recently negotiated harsh terms, and that developers could only accept the opening of new shopping malls as scheduled.