During the second half of 2025, the country's macroeconomic performance was robust, with a total regional output of 10,43. 4 billion yuan, a growth rate of 5. 1 per cent in the tertiary sector, a total of 40,9 billion yuan in retail sales of social goods and 42,749 yuan in disposable income for urban residents, laying the foundations for a commercial property market。
With regard to the writing building market, the city-wide stock of the a-class is maintained at 2,097,000 square metres, with no new supplies. Market supply and demand conflicts persisted, with average rents falling to $80. 08/m2/month, ring ratio falling by 6. 9 per cent and vacancy rates rising to 30. 5 per cent. The increased bargaining flexibility of owners and the narrowing of the rent differential between grade 1 and grade 2 writing buildings have facilitated the upgrading of the enterprise's location. Lease deals are made mainly in the finance, construction and tnt industries, accounting for 33 per cent, 20 per cent and 17 per cent respectively. Regional performance was divided, with the austrian cbd sector having the highest rent (93. 69 yuan/m2/month) and the west side (38. 9 per cent) having the highest vacancy rate. In 2026, an additional 870,000 square metres of supply is expected to be concentrated in the orchestra cbd and the high-intensity new zone, with increased competition in the market, while the implementation of the jinan city urban renewal ordinance will drive the market from incremental expansion to stock enhancement。
The retail market has seen a concentration of supplies, with a total stock of 444. 51 million square metres and an additional supply of 57. 31 million square metres. Market resilience, net absorption of 507,000 square metres, low vacancy rate of 9. 13 per cent, average rent of $468 per square metre per month for the core business circle and a small decline of 1. 1 per cent. Food and fashion retail is the main force of the shop, with the start-up of projects such as vientiane city and changlong square, and the opening of a matrix of new projects such as the construction of an enhanced shop on sky street in west lake. Of the eight core business circles, spring city road has the highest rent (300-900 usd/m2/month) and harmony square has the lowest vacancy rate (4. 0%). A new supply of 1 million square metres is expected over the next three years, with a number of large-scale projects coming into the market in the western passenger business circle, a market that will enter a phase of “stock optimization in parallel with incremental uplifting”, with the capital economy, experience business practices and landscape innovation at the core of competition。
With regard to the land market, in the second half of 2025, in the jenando region, there were concessions of land in the peri-urban areas, in the centre of the city, in the pioneer areas, for example, where local enterprises dominated the competition, and where the size of the plots varied according to the regional plans, which provided a reserve for the subsequent development of the commercial property market。
