The vacancy rate of office buildings in many places exceeds 30, what signal does this release?

The vacancy rate of office buildings in many regions exceeds 30%, which also releases some signals that some office buildings will face closure when the epidemic is not particularly good. In addition, most of the office buildings built in many regions are mainly office-based, and some people can directly rent out the entire office building when they are building. In the process of leasing, due to the relatively high cost of rent, some people will not consider the office building as an ordinary office space, but will directly open a chain company.

I saw that there was no way to live in the office building, and due to the impact of the epidemic, many people opened companies that could not be sustained at all. This will lead to some people generally choosing to rent an average-sized store when they are in the office. Especially in some small counties, even if office buildings are built, the office buildings built can only be shelved, and the office buildings seen in small counties are not of much use.

However, in big cities, some companies rent entire floors of office space in order to provide employees with a better working environment. <>

Renting an office building in a big city, the annual rental cost needs to be as high as hundreds of thousands or even millions, due to the relatively high cost of rent, the geographical location is the best location. This will also make some bosses consider when starting a business, because in big cities, the rent of office buildings alone needs to be as high as several million a year. In such an office building, there is no way to provide accommodation for employees, and many employees who work in big cities will deliberately ask whether the company is in charge of food and housing.

Due to the bad situation of the epidemic, all walks of life have been hit, and the number of people who start businesses will become fewer and fewer. Even those who started businesses in the past can only choose to close some of their businesses one after another, in order to reduce their own economic losses. Because as long as employees stay in the office building for a long time, they have to pay their wages in time every month, and they have to pay the rent of the office building, which will make the boss unbearable.

This is a sign that the economic situation is not good, the company can't support it, everyone has no extra money to promote consumption, and the overall economic situation is not good.

It has released a signal that office buildings cannot be rented out and many companies have closed down due to the epidemic.

Vacant office buildings mean that real estate construction in our country is fierce, but there are fewer people buying houses, and the vacancy rate of office buildings means that there are fewer enterprises now.

The vacancy rate of rental office buildings will vary according to the geographical location of the office building, the location, the surrounding supporting services, and the rating of the building.

The main reason is that there are more short-term office buildings, so the rent has declined, and the vacancy rate of office buildings has also increased a lot. According to **, since the beginning of this year, due to the impact of the epidemic and the increase in office supply, the vacancy rate of office buildings in some areas of Shanghai has been as high as 40%. According to local intermediaries, the rent of office buildings in Shanghai has decreased a lot recently, even if some real estate projects have not declined, but their rent-free period has increased a lot, so the price has also been reduced in disguise.

According to a report from some institutions, due to the increase in attacks on commercial real estate and the impact of the epidemic this year, many companies have slowed down the demand for leasing offices, resulting in an increase in the vacancy rate of office buildings in some areas of Shanghai.

According to a report, in the third quarter of this year, the new area of office buildings in Shanghai reached 370,000 square meters, but due to the impact of the economic situation, the rent in Shanghai in the third quarter fell by 1% quarter-on-quarter, while the vacancy rate of high-quality office buildings also reached 20%, which increased month-on-month, and the market was in a downturn. According to the survey, the vacancy rate of office buildings in the North Bund area of Shanghai has risen rapidly, reaching 40%, and other Hongqiao District and Qiantan District have also maintained a high vacancy rate, and only the vacancy rate of office buildings in the core area of Shanghai is well controlled, at about 10%. Some industry professionals said that Shanghai's office leasing market should be eased to a certain extent next year.

Although many people said that the increase in the supply of commercial land during this period has led to a decline in office buildings, the main reason is that it is affected by the environment, especially some small and medium-sized enterprises, which have reduced unnecessary expenses, so the office leasing market continues to be sluggish.

In fact, during this period of time, whether it is Shanghai or other first-tier cities, the vacancy rate is not low, mainly affected by the economic situation, and the vacancy rate in large cities should decline in the future with the easing of the epidemic in winter.

I think this has a lot to do with the epidemic this year, which has led to the failure of some small economies, and the housing prices in Shanghai are too expensive, so the development of business will also go back a bit.

This is because Shanghai's economic development is very fast, and the rent in these places in Shanghai is relatively expensive, and these enterprises have been in an unprofitable state for a long time, and they can't afford this cost, so they can only choose to move out.

This is because these office buildings are particularly well located, so the rent is particularly expensive, and due to the impact of the epidemic this year, many office buildings are short-term rentals, so this situation will occur.

I think the reason for this phenomenon is that due to the impact of the epidemic this year, many companies have broken their capital chains and declared bankruptcy.

1. Pan Shiyi's insistence on whether there is still value in investing in office buildings in recent years, in fact, you only need to see one person, that is Pan Shiyi, Pan Shiyi is a former real estate tycoon, 10 years ago should be the peak of his business, in 2010 SOHO China's revenue reached its peak, is 18 billion yuan.

Since then, Pan Shiyi is firmly bearish on China's real estate market, he is not only verbally bearish, but also in the implementation of the practice, and become the company's strategy to do, so SOHO China began to transform from development to self-sustaining, that is, leasing, he believes that China's house rent-to-sale ratio is too low, this statement is good, China's house rent-to-sale ratio has always been very low, the rate of return in first-tier cities, second-tier cities are only 2%, reaching 3% are basically unheard of cities.

However, China's property market is not a completely full market, and it is not suitable to directly compare with developed countries, it can be said that in the past 20 years, the rate of return of China's venture capital companies has far exceeded that of their American counterparts, not because their ability is stronger, but because China's speed is faster, and some things cannot be directly compared with the United States. Speaking of Pan Shiyi, SOHO China's revenue in 2018 was 1.7 billion yuan, while Country Garden's revenue in 2010 was 25 billion yuan, and in 2018, its revenue was 379 billion yuan.

2. What is the relationship between Pan Shiyi's transformation into a photographer and an office buildingEven a real estate tycoon like Pan Shiyi, who transformed into an office building 10 years ago, is a ** property today, which shows that the office building is really not profitable, he can't make money in the office building, and other people can make more money? The location of Pan Shiyi's property is a good project, he used to say that some projects are to be taken for a lifetime, but now it's still **? Now SOHO China wants to get back to its position as a developer.

When I first arrived in Shenzhen in 2015, I heard Qianhai the most, Qianhai was known as Shekou 30 years ago, the bull's ear of reform, so I went to Qianhai again, I asked, Qianhai is in **? Others pointed to a construction site in front of them and said that this is Qianhai, and in a few years, more than 10 million square meters of office buildings will be added here.

There are too many office buildings in Shenzhen, concentrated **, the speed of office buildings in Shenzhen is more than the speed of residential buildings, it is difficult to digest in a short period of time, Shenzhen has a large number of factories in the relocation, vacant factories are not changed to office buildings, the rent is much lower than the regular office buildings, enterprises will naturally have a choice, now the money is becoming more and more difficult to earn, the rent can be saved, on the one hand, the demand is in the link, on the other hand, the supply is increasing, the return of office buildings, in a short period of time is not optimistic, How long it will take to be dissolved by the market is still unknown.

I think there is still investment value, because the economic trend of the whole society continues to improve, and the vacancy rate of office buildings will decline sooner or later.

1.Pan Shiyi has insisted on whether there is value in investing in office buildings in recent years, in fact, you only need to see one person, and that is Pan Shiyi, Pan Shiyi is a real estate boss, ten years ago it should have been the peak in its business, in 2010 SOHO China's revenue reached the peak in 2016, reaching 18 billion yuan.

It should be that many people choose to work from home and office buildings, and there is no particularly large investment value now.

Thanks for having me. The rise in office vacancy rates indicates that the economic transition is coming, and perhaps this situation will continue for some time to come.

However, you will find that the vacancy rate has risen but the rent has not fallen, and there are reports that Feng Lun announced on the 17th of this month, after many years, that he can invest in real estate again.

At the same time, on the one hand, the pace of construction by developers has slowed down, but on the other hand, developers are enthusiastic about acquiring land in the face of high land prices.

There are various indications that the investment value of office buildings limited by supply-side resource control will not decrease, but the operation mode will definitely enter the stage of refined operation with the end of savage growth. The advent of 5G has announced the beginning of a new era, and a large number of new business formats are on the way.

Shanghai's office buildings are "cold", and the vacancy rate in some areas is as high as 40%, indicating that some office buildings have no value and need to be treated. It shows that there is an oversupply of office buildings in some places.

Nowadays, office buildings in many cities are generally idle, resulting in a lot of waste of resources. The reason lies in the imbalance between supply and demand, which is mainly manifested in the following aspects:**Intensify housing regulation and control, reduce the regulation and guidance of commercial housing, and some developers blindly develop and build.

Some office buildings that do not fit into an existing city or regional location or are not integrated into an existing urban business district. Secondly,Office buildings take longer to develop than residential buildings, and the time to return funds is comparatively longer. Developers have high expectations for returns and **, which leads to difficulties in attracting investment.

Third,Supporting facilities have not kept up, affecting the investment in office buildings. Fourth, the corporate atmosphere is not strong. Lack of facilities in the surrounding area.

In this regard, it is necessary to carry out macro-control and scale control of the development and construction of office buildings, and form a long-term sustainable development plan for office buildings. When the market is relatively saturated and the inventory is sufficient, the land** will be released in stages. YesEstablish an information exchange platform, strengthen the collection and dynamic management of office information, establish and improve the publicity system and early warning mechanism of office information, so that developing enterprises and investors can keep abreast of market trends and guide rational development and development.

Invest less blindly. It is also possible to speed up the construction of municipal supporting facilities and office building facilities, and revitalize the commercial area as soon as possible. Guiding policies can be formulated to attract all kinds of enterprises to settle in, promote the development of characteristic industrial functional areas, and form a good business atmosphere.

The most important point is that due to the impact of natural disasters, the outbreak of the new crown epidemic has caused many companies to close down without income, and even those that have not closed down have difficulty maintaining high office rents. In this regard, companies can be encouraged to carry out restorative production activities, and activities such as rent reduction and exemption can help them develop better, and the vacancy rate of office buildings will also be reduced.

This shows that the polarization is very serious, with the rich buying more than one house, while the poor not having one.

This shows that the epidemic has caused many companies to go bankrupt, and it also shows that the local rent is too high, so many companies can only move out of the office building here, and then choose an office building with a higher cost performance.

This shows that the overall environment is very bad. A number of small and medium-sized enterprises have also gone out of business. The office leasing market has also become very bad. It is in a state of continuous slump.

This shows that due to the impact of the epidemic, many enterprises in Shanghai have been forced to close.

Mainly affected by the epidemic, enterprises have reduced unnecessary expenses, and the demand for office space has also decreased, so the vacancy rate of office buildings in Beijing has begun to rise. Recently, a data showed that in the fourth quarter of this year, Beijing's new office space was lower than expected, only 350,000 square meters, compared with an earlier estimate of 500,000 square meters. Relevant people said that during this period of time, Beijing's office vacancy rate has been rising, has reached 19%, a record high, the person said, in fact, Beijing's Grade A office building ** volume has been more than double the demand, since last year the supply has risen significantly, and this year affected by the epidemic, the supply is more than four times the demand, resulting in a very high vacancy rate of Grade A office buildings.

Affected by the relationship between supply and demand, the rent of office buildings has also begun to decline, and the decline is also the highest in recent years, reaching only 351 yuan per square meter per month, and the market has appeared, Grade A office tenants have moved to Grade B office buildings, which can be seen that enterprises have been seriously affected by the epidemic and have reduced their investment in office rents in order to reduce expenses. This year, in the transaction of more than 5,000 square meters, companies in the Internet industry accounted for more than 40%, and the location of the industry is relatively close to Zhongguancun.

However, there are also relevant intermediary companies in charge of optimism, due to Beijing's special geographical location, its advantages in the field of science and technology, financial industry, will attract a lot of enterprises to come, those entrepreneurial small and medium-sized enterprises are also happy to set up branches in Beijing, coupled with Beijing's very large number of excellent schools, the attraction of talents is very large, is expected in the next two years Beijing office market will resume growth.

However, many people still maintain a relatively cautious attitude this year and in the first half of next year, believing that the economic situation is still not optimistic and there are considerable risks.