Big rental churn looms on office realty in Beijing

There is no let up in the rental uptrend in top-grade office spaces in Beijing's key areas and some in fact became costlier in the second quarter of this year, which could force prospective as well as existing tenants to look for cheaper alternatives in other areas, industry analysts said.

According to Jones Lang Lasalle, a real estate services firm, popular locations in Beijing for Grade A office spaces include Central Business District or CBD, Olympic Park, Wangjing and East Chang An Avenue.

They have seen four new Grade A projects that added 2.7 million square meters to the capital's office space supply in the second quarter, taking the total to 102 million sq m.