The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

Global Enterprise logo
BROUGHT TO YOU BYStandard Charted Logo
SUBSCRIBERS

With vacancies rising, rents are falling for Beijing’s premium office space

Niu MujiangquGuo Yingzhe

Niu Mujiangqu,

Guo Yingzhe

Published Thu, Dec 29, 2022 · 10:00 AM
Share this article.

VACANCIES have been rising and rents falling in Beijing’s office buildings over the fourth quarter, as businesses cut back on spending amid fallout from the pandemic, industry data shows.

China’s deteriorating commercial property shows how the country’s real estate crisis has gone beyond the residential market, which has suffered from a protracted sales slump since last year.

In the Chinese capital, the vacancy rate for premium, or Grade A, offices rose 1.4 percentage points to 16 per ce…

SEE ALSO
Country Garden extends bonds to avoid first local default
A NEWSLETTER FOR YOU
Tuesday, 12 pm
Property Insights

Get an exclusive analysis of real estate and property news in Singapore and beyond.

KEYWORDS IN THIS ARTICLE

Offices
Caixin
READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Global

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here