According to the “Beijing Office Retail Market Report for the First Quarter of 2024” released by the world-renowned real estate service and consulting company Dai De Liang Xing on March 28, Beijing office market transactions welcomed a slight recovery. The report shows that in the first quarter of 2024, affected by large-scale transactions and leases in the emerging business district, the net quarterly absorption volume of the overall market in Beijing was close to the level of the full year of 2023, at 144,000 square meters. The slight rebound in office transactions in the Beijing market caused the city's vacancy rate to drop for the first time since the second quarter of 2022, down 0.4 percentage points from month to month to 18.3%. The net absorption volume of the five core business districts is 44,000 square meters.