2015-11-10-第一太平戴维斯-北京商铺市场简报2015年第三季度_4页_756kb

Beijing Retail Market Summary (Q3 & Q4 2015)

Q3 Performance

• Occupancy rate rises to 95.3% despite new supply, driven by commercial office conversions at Zhongguancun Mall.
• Retail sales increase 6.3%, online retail up 38.8%, with new supply totaling 35.7 million sqm.
• Shop rents grow minimally to 910.6 yuan/sqm/month, lowest in 5 years, limited by poor demand and promotions for low-capacity tenants.
• Core areas like CBD show strong performance, but non-core regions face challenges.

Market Outlook

• Q4 expected 53 million sqm new supply from 5 malls, with 72% in suburbs, potentially causing occupancy slight decline.
• Rent growth continues limited due to market sluggishness; successful projects like Yong旺 Dream Mall boost foot traffic.
• Overall market may see de-centralization and ongoing adaptations by retailers.