Operation report and Prospect of industrial, commercial and office real estate in North China in the fourth quarter of 2021 From Colliers International

The following is the Operation report and Prospect of industrial, commercial and office real estate in North China in the fourth quarter of 2021 From Colliers International recommended by recordtrend.com. And this article belongs to the classification: Chinese economy.

Colliers International North China held the “2021 fourth quarter news conference in North China” at Delta Center to review the performance of various business segments of North China commercial real estate in the fourth quarter of 2021 and look forward to 2022.

Review and Prospect of Beijing office market in 2021

In 2021, the market continued to disintegrate, and the annual net absorption reached a record high

New supply, net absorption and vacancy rate of class A office buildings in Beijing from 2010 to 2021

The rent stabilized in the second half of 2021 and almost fell back to the rent level in 2012

Historical rent and vacancy rate of class A office buildings in Beijing from 2010 to 2021

In the whole year, large-scale transactions of more than 5000 square meters were still dominated by Internet technology enterprises

Transactions of more than 5000 square meters in 2021

Industry share, all commercial markets

Review of Grade A office building market in Beijing in 2021

The number of new projects entering the market in the whole year was nearly 700000, and the peak period of the second round of supply was basically over; The main projects under construction in the North District of China Service plot and Lize business district have entered the market;

The annual net absorption value exceeded 1.14 million square meters, a record high; The large-scale leasing transactions of Internet enterprises affect the market trend;

The vacancy rate showed a sharp correction year-on-year at the end of 2020; The vacancy rate of Financial Street, Zhongguancun, Asian Olympic Games and Wangjing Jiuxianqiao market is less than 10%;

The average market rent is still hovering at the bottom, but individual sub markets such as CBD and Wangjing Jiuxianqiao have rebounded.

Xiong’an new area is an innovative development demonstration area of the new development concept of the millennium plan

Setting up background of xiong’an New Area

Alleviate Beijing’s “big city disease” and ease Beijing’s non capital function;

Change map of permanent resident population in Beijing (1949-2018)

Promote the coordinated development of Beijing, Tianjin and Hebei and build an international urban agglomeration. Xiong’an new area is an important part of the coordinated development of Beijing, Tianjin and Hebei;

In fact, the diversion of Beijing’s non capital functions is also realized through the diversion of population pressure;

Xiong’an new area is a major historic strategic choice after China’s economy enters the new normal;

Overall planning of xiong’an New Area

Xiong’an new area adopts the construction plan of “one main, five auxiliary and multiple nodes”, with a planned area of 1770 square kilometers;

Planning scope of xiong’an New Area

Build a “four vertical and two horizontal” regional high-speed railway network, and it takes only 30 minutes to reach Beijing; Build a regional expressway network of “four vertical and three horizontal” and drive to Beijing for only 1 hour;

Each region has different planning positioning and coordinated development among regions;

Market development of xiong’an New Area

Xiong’an new area will start large-scale land transfer from 2019 and focus on land supply from 2020 to 2021. The main developers are state-owned enterprises and central enterprises;

At present, the market-oriented projects under construction in xiong’an new area are basically complex projects;

The first batch of enterprises settled in xiong’an in 2017 are all high-end high-tech enterprises. In the future, many central enterprises and state-owned enterprises will move to xiong’an;

Xiong’an new area, millennium plan

Xiong’an and Beijing Urban sub center serve as Beijing’s “new wings” to ease Beijing’s non capital function;

As an important part of the integration of Beijing, Tianjin and Hebei, xiong’an will drive the development of the whole region.

Review of industrial real estate market in 2021

Annual important industrial policies

Maintain advanced manufacturing capacity, intelligent, green, sophisticated;

Strengthen industrial guidance and help build a sophisticated economic structure;

Aiming at the goal of “double carbon”, strengthen ecological environmental protection and safety management;

Beijing and Huanjing data center market

The Beijing market has developed healthily, the supply of the market around Beijing has increased sharply, and the competition is fierce.

Market supply and rental rate of Beijing Data Center

Class a logistics real estate market in North China

The overall supply of Beijing logistics real estate market is in short supply: the overall market is in short supply, and continues to maintain a high market rental rate. It is expected that the future development direction of Beijing’s logistics and warehousing industry will still focus on ensuring people’s livelihood and service industry;

Langfang and Tianjin markets are under short-term pressure: new supply in Langfang logistics market has entered the market one after another; The supply of Tianjin logistics market continues to grow, and the lease situation will be under pressure in the short term;

New and stock logistics land and warehousing projects are concerned: logistics projects in Beijing and around Beijing are still concerned by investors.

Integrated development of culture, business and tourism to create a new trend of commercial real estate

Concept and current situation of cultural, business and tourism development

The overall rise of the younger generation of tourism consumers has driven the development of culture, business and tourism, national tide culture, immersive experience and integration of emerging technologies;

The epidemic has had an impact on the culture, business and tourism industry. Travel on the demand side is limited and consumption behavior is restricted. At the same time, enterprises on the destination side and channel side continue to be under pressure;

The epidemic also brings new opportunities for transformation and upgrading. Under the impetus of potential consumer sources, Wen Shang brigade carries out the innovation of “Internet plus” mode and updates the contents of the stock destination.

Since 2020, the development of culture, business and tourism has entered a new stage of improving quality and efficiency. Policies guide the further expansion of culture, business and tourism consumption and drive the increase of investment in provinces and cities;

Interpretation of the concept of cultural business travel

New trend of cultural, business and tourism development in the post epidemic Era

In the future, the cultural, business and tourism project will focus on the three trends of differentiation, immersion and fast iteration to achieve innovative development;

The concept of meta universe enables the cultural business travel project to further shape the differentiated and immersive experience through the combination of online and offline, virtual and real;

With “Winter Olympics culture + sports” as the core, the business travel of enabling culture in Winter Olympics will create a cultural IP with regional characteristics;

In terms of business model, the cultural, business and tourism project changes the traditional development ideas and develops to branding and IP through professional operation.

Review of Beijing block trading market in the fourth quarter of 2021

Beijing block trading market in the fourth quarter of 2021

In the fourth quarter of 2021, four transactions were recorded in Beijing, with a transaction area of about 120000 square meters and a transaction amount of nearly RMB 6.1 billion;

In view of the scarcity of investment opportunities in Beijing market, following the transaction adjustment in the previous quarter, the Beijing block trading market continued to maintain the adjustment trend in the fourth quarter;

The office and business park projects with superior location and stable cash flow continue to be concerned by investors;

Prospect of Beijing block trading market in 2022

The office properties and business parks in the industrial clusters such as the Asian Olympic Games, Wangjing, Zhongguancun and Shangdi will continue to attract market attention;

The self use demand of state-owned enterprises, financial institutions and new economy enterprises is still strong, and the focus is on the core area and industrial agglomeration plate;

With the gradual reduction of the influence of the epidemic, the shortening of the investment window period, and limited by the scarcity of tradable targets in the market, investors are still optimistic about the Beijing block trading market.

Prospect of Beijing commercial real estate retail market in 2022

Total retail sales of social consumer goods

Year on year growth rate of total retail sales of social consumer goods in Beijing 2019-2021

(percentage)

Prospect of Beijing commercial real estate retail market in 2022

Beijing’s policy has brought changes and impacts: after the “double reduction” policy, quality education has developed rapidly; The State Council issued the opinions on the pilot work, pointing out that Beijing will be one of the first six cities to carry out the pilot of business environment innovation;

Policies related to commercial retail: multiple districts make detailed institutional arrangements around the implementation plan for Beijing to cultivate and build an international consumption center city (2021-2025);

Digital operation of retail enterprises: consumers, brands and hardware services promote the digital development of shopping centers; Wangfujing invested 10 million yuan to establish Jinjie shopping center in Beijing;

Changes in online consumption: the sales growth of double 11 slowed down and double 12 gradually declined; The shopping mode is diversified. From January to September, the GMV of the voice business increased 7.9 times compared with that of tiktok, and GMV aims to break through trillion.

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