仲量联行：2025年北京房地产市场回顾及2026年展望报告（20页）.pdf

1、北京房地产市场Beijing Property Market2025年回顾及2026年展望2025 Review&2026 Outlook办公楼市场回顾Office Market Review21,790平方米sqmCNY 210平方米/月sqm/month15.2%0平方米sqm2023年第一季度市场概要新增供应New Supply净吸纳量Net Absorption租金Rent空置率Vacancy Rate*注：存量及有效租金基于建筑面积（平方米），包含免租期，增速为同质比较*Note:Stock and effective rents on sqm GFA;rent growth rat

2、es are chain-linked来源：仲量联行研究部Source:JLL Research2025年第四季度市场指标Market Updates:2025 Q4320212022202320242025北京甲级办公楼市场成交量及净吸纳量历年分析Beijing Grade A office annual leasing transaction volume and net absorption新租成交量(Transaction volume for new lease)净吸纳量(Net absorption)新租成交量五年均值(Five year average for new lease

3、 transaction volume)净吸纳量五年均值(Five year average for net absorption)20242025同比变化Y-o-Y五年均值5-year annual average新增供应New supply18.0026.0净吸纳量Net absorption1.811.523.8单位：万平方米Unit:10 thousand sqm2024Q42025Q4同比变化Y-o-Y上海Shanghai总存量(万平方米)Total stock(10,000 sqm)1,150.21,150.21,894.8平均租金(元/平方米/月)Average rent(RMB

4、/sqm/month)25121016.3%158空置率Vacancy rate16.5%15.2%1.3 ppts24.3%50.9万平方米509,000 sqm23.8万平方米237,500 sqm来源：仲量联行研究部Source:JLL ResearchVacancy dipped slightly as net absorption remained modest amid ongoing supply digestion净吸纳量维持低位，年末空置率呈现小幅回落420242025乙级现有办公面积Occupied Space in Grade B Office甲级市场新租成交量New L

5、ease Transaction Volume in Grade A Office科技互联网TMT2024-2025年升级需求占比Upgrade Demand in 2024-202549%20242025乙级现有办公面积Occupied Space in Grade B Office甲级市场新租成交量New Lease Transaction Volume in Grade A Office金融Finance2024-2025年升级需求占比Upgrade Demand in 2024-202544%20242025乙级现有办公面积Occupied Space in Grade B Offic

6、e甲级市场新租成交量New Lease Transaction Volume in Grade A Office专业服务Professional Services2024-2025年升级需求占比Upgrade Demand in 2024-202553%20242025乙级现有办公面积Occupied Space in Grade B Office甲级市场新租成交量New Lease Transaction Volume in Grade A Office生命科学Life Science2024-2025年升级需求占比Upgrade Demand in 2024-202560%市场中潜在的升级