Supply decreased, the vacancy rate of grade A office buildings in Beijing decreased.

Multiple real estate consulting agencies released reports showing that due to limited new supply in the first half of the year, the vacancy rate of Grade A office buildings in Beijing has decreased. According to a recent report from Savills, a global real estate services provider, during the first half of 2026, there were no new projects entering the market in the Beijing office market, with zero deliveries of new supply for four consecutive quarters, resulting in a continued decline in the overall vacancy rate to 17.8% for the sixth consecutive quarter. The Savills report indicates that in terms of industry composition, the TMT sector, represented by system solutions, platform internet, and artificial intelligence, remains the primary source of incremental demand and continues to concentrate in the technology center area. Financial institutions focus mainly on fund-related activities, maintaining active demand for small areas. Professional services primarily have demand for small to medium-sized office spaces, with transactions mostly concentrated in spaces below 1000 square meters and a strong preference for CBD locations. In addition, the robotics sector in industrial manufacturing has shown increased activity in the first half of the year, with new establishments and expansions coexisting. The preferred location is near the technology center area, but not limited to traditional office buildings, with the possibility of locating in the important areas of Zhongguancun and Wangjing surrounding industrial parks, influenced by industrial policy orientation and physical conditions of buildings.