What is the average Class A rent in Beijing?

Around 320 CNY/sqft/yr ($45 USD) across the broader Class A index. Trophy submarkets like CBD (Guomao) command 20–40% above that.

How many months of rent-free are normal in Beijing?

8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Beijing?

The Beijing Class A market is currently softening. Vacancy is 18.5%, which sets the negotiating context.

Headline Class A rent in Beijing is around 320 CNY/sqft/yr ($45 USD), with 8 months of typical rent-free on a 5-year term.

Headline Class A rent: 320 CNY/sqft/yr ($45 USD).
Trophy submarket rents (CBD (Guomao)) push to roughly ¥380/sqm/mo · ≈ $58.9 PSF/yr USD.
Typical concessions on a 5-year deal: 8 months free rent.
Vacancy stands at 18.5% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Beijing Class A office rents and incentives

Headline Class A rent in Beijing is around 320 CNY/sqft/yr ($45 USD), with 8 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 320 CNY/sqft/yr ($45 USD).
Trophy submarket rents (CBD (Guomao)) push to roughly ¥380/sqm/mo · ≈ $58.9 PSF/yr USD.
Typical concessions on a 5-year deal: 8 months free rent.
Vacancy stands at 18.5% — market trend is softening.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Beijing are quoted in CNY per sqft per year. Across the broad Class A index the figure is 320, but the trophy tier in CBD (Guomao) reaches roughly ¥380/sqm/mo · ≈ $58.9 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Beijing concessions on a 5-year Class A lease run to 8 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 25% standard Chinese corporate income tax. 15% reduced rate for High and New Technology Enterprises (HNTE). Beijing offers tech-sector subsidies in Zhongguancun and the Beijing Free Trade Zone.

Where rents land by submarket

CBD (Guomao) sits at the top end (~¥380/sqm/mo · ≈ $58.9 PSF/yr USD). Wangjing clears around ¥240/sqm/mo · ≈ $37.2 PSF/yr USD as the prime tier. The full submarket map is on the Beijing city page.

Key facts

city	Beijing
country	China
region	APAC
classARentLocal	320 CNY/sqft/yr
classARentUsd	$45/sqft/yr
vacancy	18.5%
typicalLeaseYears	5
typicalRentFreeMonths	8
submarkets	5
primeYieldPct	5.6%
trophyRent	¥380/sqm/mo · ≈ $58.9 PSF/yr USD
primeRent	¥240/sqm/mo · ≈ $37.2 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Beijing?: Around 320 CNY/sqft/yr ($45 USD) across the broader Class A index. Trophy submarkets like CBD (Guomao) command 20–40% above that.
How many months of rent-free are normal in Beijing?: 8 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Beijing?: The Beijing Class A market is currently softening. Vacancy is 18.5%, which sets the negotiating context.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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