Beijing eateries cash in on low rents

The financial crisis may spell some good news to restaurateurs in Beijing as restaurant rents are falling due to the sluggish real estate market.

Commercial space rental fees in Beijing are expected to dive further this year due to excessive supply, according to a recent report from CB Richard Ellis, a US commercial real estate services firm.

The report said about 2.13 million square meters of commercial space will enter the Beijing market this year, twice the amount of 2008.