Beijing office market saw the sustained leasing demand in 2026, however, high vacancy rates and continued rental declines continue to weigh on market rebalancing, intensifying competition among existing projects for tenants.

Adjustments to several large-format leisure and entertainment units pushed market vacancy higher in Q2/2026.

The Beijing en-bloc investment market witnessed a stable start in 2025, with several significant acquisitions completed during the quarter. Office assets continued to be the preference for investors. Educational organizations, listed companies and joint ventures acquired assets that aligned with their specific demand.