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Beijing, China

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Imperial Real Estate HQ
Last Updated: 23-Oct-2009
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* Click on each category for a detailed definition.

RENT/M2/YEAR RENT/SF/YEAR
Low High Effective Avg. Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) RMB 2,160.00 RMB 2,520.00 RMB 1,870.00 $ 29.38 $ 34.28 $ 273.79 60.0% 7.5%
Class A (Prime) RMB 1,740.00 RMB 4,320.00 RMB 2,502.00 $ 23.67 $ 58.76 $ 366.33 10.0% 8.3%
Class B (Secondary) RMB 794.00 RMB 1,440.00 RMB 825.00 $ 10.80 $ 19.59 $ 120.79 15.0% 5.9%
 
Suburban Office
New Construction (AAA) RMB 2,400.00 RMB 3,300.00 RMB 2,337.00 $ 32.65 $ 44.89 $ 342.17 40.0% 9.7%
Class A (Prime) RMB 1,680.00 RMB 3,600.00 RMB 2,145.00 $ 22.85 $ 48.97 $ 314.06 10.0% 7.7%
Class B (Secondary) RMB 840.00 RMB 1,560.00 RMB 935.00 $ 11.43 $ 21.22 $ 136.90 13.0% 7.2%
 
Industrial
Bulk Warehouse RMB 216.00 RMB 540.00 RMB 378.00 $ 2.94 $ 7.35 $ 55.34 N/A N/A
Manufacturing RMB 216.00 RMB 468.00 RMB 342.00 $ 2.94 $ 6.37 $ 50.07 N/A N/A
High Tech / R&D RMB 648.00 RMB 1,008.00 RMB 828.00 $ 8.81 $ 13.71 $ 121.23 N/A N/A
 
Retail
Downtown RMB 3,000.00 RMB 14,880.00 RMB 8,940.00 $ 40.81 $ 202.40 $ 1,308.93 13.0% 15.9%
Neigborhood Service Centers RMB 420.00 RMB 1,620.00 RMB 1,020.00 $ 5.71 $ 22.04 $ 149.34 25.0% 5.4%
Community Power Center RMB 300.00 RMB 1,920.00 RMB 1,104.00 $ 4.08 $ 26.12 $ 161.64 17.0% 6.5%
Regional Malls N/A N/A N/A N/A N/A N/A N/A N/A

Development Land Low/ M2 High/ M2 Low/SF High/SF
Office in CBD RMB 5,990.00 RMB 12,905.00 $ 81.48 $ 175.53
Land in Office Parks RMB 3,745.00 RMB 9,975.00 $ 50.94 $ 135.68
Land in Industrial Parks RMB 395.00 RMB 4,594.00 $ 5.37 $ 62.49
Office/Industrial Land - Non-park RMB 8,840.00 RMB 14,840.00 $ 120.24 $ 201.85
Retail/Commercial Land RMB 4,407.00 RMB 15,270.00 $ 59.94 $ 207.70
Residential RMB 1,079.00 RMB 14,920.00 $ 14.68 $ 202.94

Conversion 6.83RMB = 1 US$


 

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