Demand Beijing CBD

Currently, 80 percent of office space in the CBD’s 77 buildings is rented out and more than 90 percent of space in high-end buildings is occupied, said Liu Chuncheng, executive deputy director of Beijing CBD Administration Committee.

Liu added that rents had not fallen in the CBD, which occupies 3.99 sq km near the city’s East 3rd Ring Road.

The area is home to much of the city’s finance, media and business services sector and was established by the government eight years ago.

The Beijing CBD Administration Committee said that in the first half of the year, more than 1,000 companies were registered in the area. Seven Fortune 500 companies, including Luxembourg-based steel giant ArcelorMittal, had set up offices there.

Source : Konaxis

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