According to the latest report released by JLL, the net absorption volume of the Beijing office building market remained low, and the vacancy rate declined slightly at the end of 2025. By the end of 2025, the overall vacancy rate of Beijing's Grade A office buildings fell 0.3 percentage points month-on-month to 15.2%, and the market showed slight signs of improvement. Looking ahead to the next 12 months, the report suggests that the rate of decline in rents in the Beijing office market is expected to slow down. The average rent decline is expected to narrow to 6.6% in 2026, reflecting a partial stabilization in leasing performance in some sub-markets. However, as new supplies enter the market one after another, rents will still face some downward pressure. Zhang Jisu, managing director of JLL North China, believes that the Beijing office building market is undergoing a reset of thinking from a “downturn cycle” to “repricing,” and that the extreme rationalization of market demand and structural normalization of oversupply are reshaping the relationship between supply and demand and pricing logic.

According to the latest report released by JLL, the net absorption volume of the Beijing office building market remained low, and the vacancy rate declined slightly at the end of 2025. By the end of 2025, the overall vacancy rate of Beijing's Grade A office buildings fell 0.3 percentage points month-on-month to 15.2%, and the market showed slight signs of improvement. Looking ahead to the next 12 months, the report suggests that the rate of decline in rents in the Beijing office market is expected to slow down. The average rent decline is expected to narrow to 6.6% in 2026, reflecting a partial stabilization in leasing performance in some sub-markets. However, as new supplies enter the market one after another, rents will still face some downward pressure. Zhang Jisu, managing director of JLL North China, believes that the Beijing office building market is undergoing a reset of thinking from a “downturn cycle” to “repricing,” and that the extreme rationalization of market demand and structural normalization of oversupply are reshaping the relationship between supply and demand and pricing logic.