According to a research report released by JLL on January 7, in 2024, the new supply volume in the Beijing retail real estate market reached 1.62 million square meters, a record high. Market competition is becoming increasingly intense. It is expected that 1.57 million square meters will be added to the market in 2025. The report shows that in the fourth quarter of 2024, a total of five new retail real estate projects entered the market in Beijing, adding 628,000 square meters of supply, of which 521,000 square meters were concentrated in the suburban market. Meanwhile, leasing activity in the market is gradually shifting from new leases to renewals of existing leases. Judging from the distribution of business formats, the mobility of restaurant tenants has increased, and replacement demand brought about by rents and vacancies accounts for 43.5% of the city's store area; emotional consumer categories such as trendy games, pets, and self-indulgence have bucked the trend, accounting for 24% of the city's opening area. Since the second half of 2024, the performance of the high-end hotel market has been stable, showing an overall steady upward trend compared with the same period in 2023. As of November 2024, the average room price in the Beijing high-end hotel market has declined slightly compared to the same period in 2023, but occupancy rates have risen, and the revenue per rentable room is growing.

According to a research report released by JLL on January 7, in 2024, the new supply volume in the Beijing retail real estate market reached 1.62 million square meters, a record high. Market competition is becoming increasingly intense. It is expected that 1.57 million square meters will be added to the market in 2025. The report shows that in the fourth quarter of 2024, a total of five new retail real estate projects entered the market in Beijing, adding 628,000 square meters of supply, of which 521,000 square meters were concentrated in the suburban market. Meanwhile, leasing activity in the market is gradually shifting from new leases to renewals of existing leases. Judging from the distribution of business formats, the mobility of restaurant tenants has increased, and replacement demand brought about by rents and vacancies accounts for 43.5% of the city's store area; emotional consumer categories such as trendy games, pets, and self-indulgence have bucked the trend, accounting for 24% of the city's opening area. Since the second half of 2024, the performance of the high-end hotel market has been stable, showing an overall steady upward trend compared with the same period in 2023. As of November 2024, the average room price in the Beijing high-end hotel market declined slightly compared to the same period in 2023, but the occupancy rate increased, and the revenue per rentable room showed an upward trend.