Beijing Commercial Real Estate

According to this article, office vacancies in Beijing rose from 13 % in Q4 to 19 % in Q1. That's quite a jump for just 3 months...

Average monthly rent dropped 9.3 % from Q4 to Q1.

The article also says that massive new supply will hit the market later in the year, i.e. vacancy rates are likely to worsen further.

(Earlier posts on Shanghai Commercial Real Estate: here and here.)