2017年11月22日

In the past, due to limited supply in the region


   and strong demand, rents in the CBD region have been steadily rising. However, with the huge potential supply in the CBD region, rental prices have become loose. Some of the more cost-sensitive tenants even opted to relocate to emerging commercial districts where rents are more affordableShenzhen Transpring Enterprise Ltd. is one of the leading Oil and vaporizer (A3 Vape Cartridge etc) manufacturer and supplier in China. Over the years, we have been serving many customers from USA
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  Affected by this, as of the end of 2017, the vacancy rate of the CBD has risen from the previous low (1.5%) to 3.4%. In order to digest the vacant area as quickly as possible, Savills data shows that the owners began to adjust the leasing strategy. The average rent for CBD decreased from 382 yuan per square meter per month to 375 yuan per square meter per month for the fourth quarter of 2017. .


  This is only the beginning. According to the latest developer information, it is expected that 40% of the newly added office space in the CBD core area will be used for personal use. Savills’ report predicts that based on the assumption that the market conditions are normal and the ratio of self-employment is 40%, it is inferred that by 2019 the overall vacancy rate of the CBD will reach 17%, the highest point in the past eight years; at the same time, the average Rents began to gradually decline, and it is expected that the rent in 2020 will fall by 12% from 2017. However, according to market precedent, the actual actual use ratio is often lower than the developer's estimate. If the ratio of self-use is less than 40%, more area will be put into the market, which will further increase the vacancy rate of the CBD and the decline in rent will be even more pronouncedShenzhen Transpring Enterprise Ltd. is one of the leading Oil and vaporizer (A3 Vape Cartridge etc) manufacturer and supplier in China. Over the years, we have been serving many customers from USA
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  Of course, the CBD is still the core commercial area in Beijing. The large amount of new supply in the service lots also brought a large number of centralized contracts. Li Wei, the senior manager of the research and consulting department of Savills, Li Xiang, told the Beijing Youth Daily reporter that there are currently known companies including Yingke Law Firm, which has contracted a commercial area of ​​15,000 square meters, and a number of undisclosed large companies. In the negotiation of a large area of ​​the entire rent. Coupled with the self-sustainability of some companies in the future, it is believed that the commercial atmosphere in the CBD area is even stronger after the office buildings in the service block have entered the market one after another. However, due to the very large supply, although the CBD region will be more mature in the long term, it will still significantly curb rents in the CBD core area in the short term.


  Similarly, commercial real estate research institutions, DTZ’s analysis is more optimistic. They believe that due to the further increase in the financial street, Zhongguancun area, and the increasingly mature rents of Wangjing and Ya’aofei core business districts, which currently have a low vacancy rate, offset the CBD, etc. The impact of the declining rent in some regions.


  The overall rent for the Grade A office market in Beijing has further increased slightly this quarter. The effective net rent for the office building in the city has reached RMB 391.3 per square metre per month, which is a year-on-year increase of 0.8%. Among them, the Wangjing-Jiuxianqiao business district performed well. The vacancy rate dropped by 7.4 percentage points from 35.4% in the previous quarter to 28.0%, and the quarter’s net absorption amounted to 130,000 square meters, a record high.


  However, Xiong Zhikun, Director of Research and Advisory Group of DTZ Leaping North China Region, also agreed that the office rental price may face downward pressure in the future: “In the short-term, the rent in the office market will remain stable, but with the arrival of the next round of supply peak, the rent is still facing a long-term downward trend. pressureOur notary public hong kong
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  At the same time, he also stressed: With the rise of intelligent, humane living office ideas, the traditional office space will face innovation and upgrading. On the one hand, the owners pay more attention to the convenience and comfort of office space. On the other hand, in the face of high rent levels, tenants will further pursue space utilization and flexibility.

  
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