Large-scale commercial investors in North City wait and see

Large-scale commercial investors in North City wait and see

In the first quarter of 2014, the price of the commercial market in North China continued to rise following the rise in the previous quarter. Shang Zhong said that rents also rose slightly, and the vacancy rate in various business districts decreased, but the large commercial investment market showed a wait-and-see situation, while the small and medium-sized commercial investment market as a whole remained warm.

According to the latest statistics from Xinyi Housing's global asset management company, the average flat price of an office in Beishi has risen to NT $844000, and the price has continued to rise. The average rent has remained at 1983 yuan per ping, with a slight increase in rent; the office vacancy rate has been revised down to 6.32%, reaching a new low in recent years; office demand has grown steadily, and the capitalization rate of gross rent has fallen to 2.33%.

Ke Hongan, general manager of Global Asset Management, pointed out that the performance of commercial real estate transactions in the first quarter was bipolar, with large commercial investment market transactions of only 6.7 billion yuan, down from 24 billion yuan in the first quarter of last year, indicating that institutional investors such as the life insurance industry are still taking a wait-and-see attitude.

The performance of small and medium-sized businesses in the first quarter was not bad. In addition to the seasonal adjustment in the Lunar New year, the overall trading volume remained warm, and trading prices were consolidated at a high level. It is estimated that if there is no significant negative effect in the second quarter, the market conditions will remain flat; while in the large commercial investment market, under the return of self-use buyers, trading volume should be able to get rid of the desolation of the first quarter.

Ke Hongan said that the office vacancy rate in Beishi continued to converge in the first quarter, with the overall vacancy rate falling from 7.43% in the third quarter of last year to 6.32% in the first quarter of this year. The A-level office vacancy rate dropped from 10.71% to 9.34%. The A-level office vacancy rate dropped from 6.30% to 5.07%. The grade B office vacancy rate dropped from 5.71% to 4.97%, and the performance of the office market at all levels dropped synchronously.

From the perspective of individual business circles, the fourth and fifth sections of Nanjing East Road and the Songjiang Nanjing Business District have benefited from the opening of the MRT Songshan Line at the end of this year, and the vacancy rate has dropped to 5.29% and 3.55% respectively. Xinyi World Trade Center and Dunnan Business District have also obviously converged. Overall, the vacancy rate of all business areas converged, reaching a new low in recent years in the first quarter without the release of new supply.