On December 26, Cushman & Wakefield released the "2024 Q4 Peking Office Retail Market Report," in which Wei Dong, Chief Policy Analyst and Head of the Northern Research Department, stated that this quarter, the ongoing strategies of "cost reduction and efficiency improvement" and "exchanging price for volume" have led to a continued decline in rents in the Peking office market. In the coming year, limited new supply provides favorable conditions for inventory destocking in the market, and the vacancy rate may further decrease, but in the short term, the demand for corporate cost control will continue to push rental levels downward.