2025年上半年北京房地产市场回顾_16页_3mb

Summary of 2025 Beijing Real Estate Market (Second Quarter Cumulative)

Overall Market Performance

In 2025's second quarter and cumulative first half, Beijing's real estate market showed mixed trends with new project deliveries across various sectors, increased new lease transactions, and subdued vacancy rates overall. However, traditional areas faced pressure, while emerging zones saw opportunities.

Office Market

Office deliveries were recorded in Shijingshan and Caishikou, adding 14.8 square kilometers to the market, contributing to the first-half cumulative supply of 18 square kilometers. New lease transactions rose by 33% year-on-year, with offices driving net absorption at 14.5 square kilometers in Q2 and 25.5 overall for the year, a 110% increase. High vacancy persisted in traditional submarkets like CBD, with rent decreasing.

Commercial Market

Q2 saw projects in Pingguu and Mentougou adding supply to retail, with leisure and fashion remaining strong despite challenges. New stores led by dining and jewelry, with net absorption falling slightly; vacancy edged up due to emerging competition.

Logistics Market

Logistics saw strong supply in Pingguu, totaling 29.8 square kilometers in Q2, pushing cumulative vacancy to 29.5%. Third-party logistics dominated demand, with net absorption reaching 5.3 square kilometers, indicating improvement from last year.

Investment Market

Overall investment activity declined by 34% year-on-year in the first half, with 20 transactions averaging under 5 billion yuan. Investors remained cautious, focusing on core areas and policies like property rentals.

This summary condenses key trends from the market data provided.