ASIA PACIFIC OUTLOOK 2025

BEIJING

NEW SUPPLY

Ahead, 1.54 million sq m of new supply is now scheduled to enter the market by the end of 2029, of which 270,000 sq m will complete in 2025. Many projects have been delayed due to the impact of the economic downturn. In turn, the new supply peak has been pushed back to 2027.

700,000

FORECAST

600,000

500,000

400,000

300,000

200,000

NEW SUPPLY (SQM)

100,000

0

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield