Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 65 , 28 December 2023


Open Access | Article

Post-Pandemic Office Property Market Analysis and Policy Evaluation: A Case Study of Chaoyang District, Beijing

Ziang Zheng * 1
1 China Academy of Urban Planning & Design, Research Branch of Landscape Architecture and Landscape Studies, Beijing 100044, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 65, 17-30
Published 28 December 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Ziang Zheng. Post-Pandemic Office Property Market Analysis and Policy Evaluation: A Case Study of Chaoyang District, Beijing. AEMPS (2023) Vol. 65: 17-30. DOI: 10.54254/2754-1169/65/20231560.

Abstract

This paper provides a comprehensive analysis of the investment potential of office properties in Beijing's Chaoyang District, considering political, economic, and social factors. The analysis highlights the opportunities and challenges in the pre-pandemic era. In terms of political factors, it discusses government policies affecting the supply and demand of office properties, especially in the central business district and peripheral areas. The economic factors section examines the GDP growth trends in Beijing, demonstrating a focus on high-quality growth and the implications for the office property market. It also evaluates the stability and growth prospects of the market based on supply, absorption, and vacancy rate data. Additionally, the social factors analysis considers the impact of technology, transportation improvements, ecological enhancements, and the development of cultural and innovation industries on office property demand. The paper concludes that, despite challenges, Chaoyang District presents substantial investment potential, particularly with the rise of technology and innovation sectors, improvements in infrastructure, and ecological and cultural developments. The study also discusses the lessons learned from the pandemic's impact on the office property market, highlighting the market's resilience and adaptability.

Keywords

post-pandemic era, office properties, real estate market research, policy analysis

References

1. Zhou Xin & Zhang Bo. (2021). Research on Price Trends in Beijing's Office Property Market and Policy Implications. China Price, 81-84.

2. Xie Yun & Ci Wenhui. (2020). Analysis of the Impact of COVID-19 on Commercial Real Estate and CMBS/CMBN. National Circulation Economy, 139-140. doi:10.16834/j.cnki.issn1009-5292.2020.13.062.

3. Zhou Xin & Zhang Bo. (2019). The Impact of Livability on Office Rental Prices: A Case Study of Beijing CBD. National Circulation Economy, 135-141. doi:10.16834/j.cnki.issn1009-5292.2019.20.056.

4. Colliers Research Institute. (2020). Risks and Opportunities in the Commercial Real Estate Market Under the Epidemic - Colliers Brilliant Commercial Real Estate Epidemic Special Report. Real Estate Guide (Z2), 18-21.

5. Chaoyang District People's Government (2019) Chaoyang district planning (2017-2035). Available at: https://mp.weixin.qq.com/s?__biz=MzI2MjExNjQwNw==&mid=2650059977&idx=1&sn=c100ec4f4a26444333fe15cdbe8b972b&chksm=f2501191c5279887e062c6b681308a503f2b58a82ee09b0b9cbb66484e5fd699c97210776cbc&mpshare=1&scene=23&srcid=0102eKwVMjgcSJ45voC6SytZ#rd (Accessed: 10 December 2019).

6. Jones Lang LaSalle. (2019) Take advantage of the wind and wave to explore value opportunities - Beijing Commercial Real Estate Investment Market White Paper. Available at: https://www.joneslanglasalle.com.cn/zh/trends-and-insights/research/jll-2019-beijing-commercial-real-estate-investment-report (Accessed: 8 December 2019).

7. China National Bureau of Statistics (2019) Regional GDP in Beijing. Available at: http://data.stats.gov.cn/ks.htm?cn=E0102 (Accessed: 10 December).

8. CBRE Group, Inc. (2019) The Evolution of the First Class of Office Building in Beijing. Available at: https://www.cbre.com.cn/zh-cn/research-reports/Special Report on Greater China -- The evolving Grade A office market in Beijing (Accessed: 8 December 2019).

9. Colliers International (2019) Opportunities and challenges coexist - The office market is facing a greater challenge, but it is also a good opportunity for tenants and investors. Available at: https://www.colliers.com/-/media/files/marketresearch/apac/china/northchina-research/bj-outlook-h2-2019-cn.pdf?la=zh-CN (Accessed: 10 December 2019).

10. Chaoyang District Bureau of Statistics (2018) CHAOYANG DISTRICT BEIJING STATISTICAL YEARBOOK 2018. Available at: http://www.bjchy.gov.cn/UserFiles/File/9abfe6744e6143d993b0396089467750.pdf (Accessed: 9 December 2019).

11. Chaoyang District People's Government (2019) Report on the work of Chaoyang District Government. Available at: http://www.bjchy.gov.cn/affair/ghjh/zhfgzbg/8a24fe83691212cf016914497fe20179.html (Accessed: 10 December 2019).

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:

1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.

2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.

3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).

Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-239-8
ISBN (Online)
978-1-83558-240-4
Published Date
28 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/65/20231560
Copyright
28 December 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated