【写字楼】莱坊-《北京写字楼市场》报告_2019年 Q1.pptx

BEIJING OFFICE MARKET REPORT Q1 2019 北京写字楼市场报告 2019年 第一季度 研究报告 3 2 RESEARCH BEIJING OFFICE MARKET REPORT Q1 2019 75 90 105 120 135 150 165 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2003Q1=100 BEIJING ADDED MORE THAN 100,000 SQM OF GRADE-A OFFICE SPACE In the first quarter (Q1) of 2019, the leasing demand of Beijing’s Grade-A office market softened and imposed pressure on rental rebound. TABLE 2 Major Grade-A office sub-market indicators, Q1 2019[1][2] Submarket Rent ) Rent % change Vacancy Vacancy rate percentage point CBD (RMB / sqm / mth 393.6 (QoQ) ↓2.1 rate 6.8% change (QoQ) ↑2.2 Financial Street 672.3 ↑3.7 1.3% ↑0.9 Lufthansa 383.3 ↑2.7 8.6% ↑2.6 East 2nd Ring Road 335.7 ↓0.5 6.9% ↑0.5 Zhongguancun 400.0 ↑2.8 1.8% ↑1.6 Olympic Games Village 342.7 ↓3.6 5.0% ↓1.1 Wangjing-Jiuxianqiao 270.9 ↓0.9 14.6% ↑2.7 Source: Knight Frank Research [1] Rent refers to average effective rent [2] Figures in Q1 2019 report are not directly comparable with those in previous reports due to the annual basket adjustment of our database. FIGURE 1 Grade-A office rental indices RENTS In Q1 2019, the softened leasing demand led to a lower average Grade-A office rent at RMB375.7 per sqm per month, down 1.3% QoQ. As a business district with a large proportion of foreign companies, the average rent in CBDs decreased by 2.1% QoQ to RMB393.6 per sqm per month amid the expected slowdown in global economy. Situated adjacent to CBDs, Lufthansa area is favored by occupiers due to higher accessibility and cheaper rents, undertaking the leasing demand from core areas. Therefore, the average rent in Lufthansa area increased by 2.7% QoQ to RMB 383.3 per sqm per month in Q1 2019. Influenced by the domestic and foreign economic environment, Wangjing- Jiuxianqiao area was less active in Q1. New of