Beijing's Retail Property Rental Market Rebounds Amidst...
China News
May 8, 2024
In Beijing's bustling retail landscape, signs of recovery are palpable as demand surges, pushing rental rates upward and vacancies to record lows. Situated in the vibrant eastern business district, a prominent shopping center stands as a testament to this resurgence, hosting over 600 retail outlets. Remarkably, the mall's operator reports a vacancy rate plummeting to under 1 percent, with ongoing renovations and expansions underway for approximately twelve stores.