KF: Prime retail property in Beijing yields 5.7% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Beijing were 5.7%. The average price for prime retail property transacted was USD11,018 per square metre (psm). Average rents were USD197 psm per month. At the end of the quarter, the vacancy rate was 2.6%. Indicators highlighted by KF for the quarter included the lack of new supply in prime areas (although Carrefour Siyuan Shopping Mall and Wangjing Pano city opened in Wangjing) and general stability in demand for prime retail space.
Source : KF/ February 2016/Beijing/RET