Vacancy rate of grade A office real estate in Beijing, China Q1 2018-Q2 2023

Published by
Wenyi Zhang,
Oct 16, 2023
In the second quarter of 2023, the vacancy rate of grade A office real estate in Beijing amounted to 15 percent. The vacancy rate had been rising steadily since early 2018, spiking in 2020 as a result of the COVID-19 outbreak. Over the same period, the rent had decreased and the supply increased. Nonetheless, Beijing remained the city which had the highest office space rent among large cities in mainland China.

Rate of vacant grade A office space in Beijing, China from 1st quarter 2018 to 2nd quarter 2023

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Release date

October 2023

Region

China

Survey time period

Q1 2018 to Q2 2023

Supplementary notes

Data prior to Q2 2023 have been taken from earlier publications.

The basket of building had been adjusted in Q2 2020 which could limit the comparability with previous quarters.

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