Beijing office sector logs record performance in 2021–China Economic Net

Beijing’s office market registered a record-breaking performance last year as demand surged after the disruption caused by the COVID-19 pandemic, and this may offer more expectations for 2022, industry experts said. The net absorption of the capital’s Grade A office space reached about 1.02 million square meters in 2021,5.7 times higher than that of 2020. It marked the second time the data exceeded 1 million after 2010, a report released by real estate services provider Savills said in early January. Demand came mainly from information technology and finance companies, which contributed 41.7 percent and 21.9 percent, respectively, of the total…