The Beijing office market, where rents are still declining, has recently shown signs of improvement. “Beginning in March, corporate tenants are more willing to relocate, and our popularity has increased a lot, especially some small to medium customers.” Yuan Hui, head of CBRE's North China office tenants department, told reporters that the activity in the Beijing office market has increased. Sun Zutian, head of CBRE's North China Research Department, explained that in the first quarter of this year, landlords made efforts to maintain tenant stability and provide multiple incentives in terms of rent and soft services to increase the success rate of rent renewals. Due to seasonal factors, the total area of new lease transactions declined sequentially. In new rental transactions, relocation activities are still mainstream, accounting for more than three-quarters of the total transaction area. Most of them come from buildings other than high-quality office buildings in urban areas.