China News Service, Beijing, October 19 (Reporter Yan Xiaohong) The latest "China 40 Cities Office Building Market Index" released by Jones Lang LaSalle on the 19th shows that as far as the national office building market is concerned, although market demand has not yet experienced a large-scale stabilization and rebound , but thanks to the implementation of the "steady growth" policy and the formation of physical workload, the weak market sentiment was slightly boosted.
In the third quarter, the office building market in the top cities across the country stabilized and improved, and the fundamentals continued to be stable to cope with the disturbance of unfavorable market factors.
In the third quarter, among the top 10 cities, the ranking of the cities was the same as that of the previous quarter, and the stable office market pattern of the top cities continued.
Except for Beijing and Chongqing, where the index dropped by 1% month-on-month, all other cities maintained positive growth.
The rental market in Beijing in the third quarter returned to stability after experiencing a slight rebound in the previous quarter, while demand in the Chongqing market weakened due to the impact of the epidemic and extremely high temperatures.
Shanghai, Shenzhen, Guangzhou, Hangzhou, and Wuhan all recorded growth rates of 0.2%-0.5%, proving that the market fundamentals continued to be stable to cope with unfavorable factors.
Among the cities ranked 11-20, the ranking changes were small, and the cities that fell within the range stabilized and improved.
Nanning's ranking rose again to 13th, and the market maturity is relatively high and supply and demand are balanced.
The index changes in Fuzhou and Qingdao recorded positive growth in the third quarter, Zhengzhou retreated slightly by 2%, and other cities remained unchanged, confirming the marginal improvement trend of endogenous demand in the market during the economic recovery cycle.
Among the cities ranked 21-40, the marginal improvement of the office market in some cities was dragged down.
Ten cities remained flat month-on-month, with no significant increase in market activity.
However, the indexes of six cities including Jinan, Dalian, Foshan, Hefei, Shijiazhuang and Changchun still recorded positive changes. The overall business atmosphere and resource allocation of the cities were relatively good, and the demand potential was released.
In addition, in the third quarter, the commercial real estate strategy was also actively adjusted in line with the sentiment of the office building market, and the demand for stability maintenance was paralleled with the exchange of price for volume to cope with external fluctuations.
Jones Lang LaSalle said that in the big cycle of accelerating the strategic adjustment of the economic structure in China, the endogenous power brought by industrial optimization has led to a rational recovery in the market demand for office buildings in leading cities, while non-first-tier cities are still slowly transitioning.
At the end of the third quarter, the national epidemic rebounded again, and the situation was severe and complicated. The rent trend is expected to be under pressure in the short term, but the overall decline will not be sharp.
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