Asia Pacific Office Outlook 2024

BEIJING

NEW SUPPLY

N EW S U P P LY ( S QM )

700,000

FORECAST

600,000

500,000

400,000

 Ahead, 1.4 million sqm of new supply is now expected to enter the market by the end of 2026, of which 24.9% will be in the five core submarkets.  Future office market supply will be concentrated in the

300,000

200,000

100,000

Tongzhou and Wangjing Jiuxianqiao submarket, accounting for 33.7% and 32.8% of the total future supply, respectively.

0

2021

2022

2023F

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield