According to a report released by JLL today, in 2024, the deep reduction in rents in the Beijing office market had a significant effect on stimulating market activity, and the city's Grade A office leasing volume increased 22% compared to 2023. Mi Yang, head of JLL's North China Research Department, said, “The significant recovery in turnover will effectively ease the pressure on vacant buildings and greatly boost market confidence. In 2025, the net absorption of Beijing's Grade A office buildings is expected to rise slightly to 26,000 square meters. This will help shorten the downward cycle of market prices and push supply and demand back to a positive cycle.”

According to a report released by JLL today, in 2024, the deep reduction in rents in the Beijing office market had a significant effect on stimulating market activity, and the city's Grade A office leasing volume increased 22% compared to 2023. Mi Yang, head of JLL's North China Research Department, said, “The significant recovery in turnover will effectively ease the pressure on vacant buildings and greatly boost market confidence. In 2025, the net absorption of Beijing's Grade A office buildings is expected to rise slightly to 26,000 square meters. This will help shorten the downward cycle of market prices and push supply and demand back to a positive cycle.”