On March 28, Dade & Liangxing released the “Beijing Office Retail Market Report for the First Quarter of 2024”. In the first quarter, 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%. Rents in Beijing fell 2.4% month-on-month and 8.4% year-on-year to RMB 290.7 per square meter per month.
戴德梁行：北京写字楼市场一季度成交小幅回升
Cushman & Wakefield: Beijing office market transactions rebounded slightly in the first quarter
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