Original title Colliers: New industries, new office opportunities, Colliers International has added Haidian Science and Technology Innovation Service Center to help the capital's innovative development
On May 18, 2021, Colliers International officially announced the addition of Haidian Science and Technology Innovation Service Center in Beijing to accelerate the deepening of the North China market and provide active support for Beijing's science and technology innovation forces.
In the first quarter of 2021, the Beijing office market continued the demand recovery trend in 2020. Behind this series of dazzling recovery data, all the data points to an industry, namely Internet technology. As the core area of the national science and technology innovation center, Haidian has Zhongguancun, a "base camp" where Internet technology companies are stationed, and has developed rapidly in recent years and has become the Shangdi area of the new "dream factory" of Internet technology companies. The strong talent reserve, the advantages of policy support, and the innovation-driven ecosystem have made Haidian still the first priority in the list of Internet companies' site selection. Under this opportunity, Colliers International Haidian Science and Technology Innovation Service Center came into being. We will be deeply based in China's innovation highland, actively assist the capital in innovation and development, and provide professional support for the development of Beijing's science and technology innovation industry.
Technological innovation has become the central topic and important variable for the future of cities and economic development, and Haidian is running at the forefront of China's scientific and technological innovation power. Haidian itself gathers many top universities in the country, and the superior talent reserves around it have made the Zhongguancun-Shangdi area the birthplace of Chinese Internet companies. Over the years, whether it is a domestic and foreign industry giant or a new startup company, many companies have chosen to put their core research teams into Zhongguancun; and popular emerging industries such as artificial intelligence, biomedicine, and autonomous driving in recent years have also shown a booming trend of rapid development with the support of Zhongguancun's good innovation ecological environment.
Yan Quhai, managing director of North China District of Coli International, said that as a center of political, cultural and technological innovation, Beijing is also the core base for the development of Coli International's business in North China. After the 14th Five-Year Plan further clarified the development goal of Beijing to establish an international science and technology innovation center, Coli International believes that high-tech enterprises led by Internet technology will inevitably play a more important role in both supply and demand ends of the Beijing office market. Benefiting from the rapid expansion and development of Internet technology companies, the vacancy rate of Zhongguancun sub-market has remained below 5% for a long time, and the rental level is second only to the Financial Street. As of the first quarter of 2021, the rent of the Grade A office building market in Zhongguancun remained at 381 yuan per square meter per month, and the vacancy rate dropped to only 3.9%. The entire market is basically saturated, and the resources of high-quality office building in the core area are extremely scarce. However, Zhongguancun will usher in about 400,000 new projects in the next 3-4 years, which will greatly alleviate the current situation of "hard to find a house" in the area.
The formation of the Shangdi sub-market is also due to the spillover of demand after the development and growth of Zhongguancun enterprises. After years of all-round development, Shangdi has transformed from the original "Zhongguancun Back Garden" to a new business card representing the most cutting-edge scientific and technological innovation forces in Haidian. Today, Shangdi has become one of the most important gathering places for Internet technology industries in Beijing; it is also the hottest industrial park sub-market in Beijing, and it is the only industrial park sub-market in 2020 that has experienced rapid sales and rents rising against the trend for three consecutive quarters. The current market vacancy rate is only about 7%. Yin Zilong, director of the Office Building Service Department of Colliers International North China, said that the establishment of the Haidian Science and Technology Innovation Service Center allows us to capture market trends more quickly, generate business links with Internet technology companies more practically, and provide customers with accurate, high-quality and comprehensive real estate services more conveniently, providing active support for Beijing's grand goal of establishing an international science and technology innovation center.
Colli International is very optimistic about the development potential of the region, and attaches importance to the huge industrial opportunities brought by Internet technology companies in the region, and has decided to actively expand the strategic layout of North China. The newly established Haidian Science and Technology Innovation Service Center will effectively extend the service depth of the Colliers International North China team. In the early stage of its establishment, it will focus on meeting customers' diverse office and business needs and accelerate the deepening of the North China market.
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About Coli International
Colli International (Nasdaq Stock Exchange and Toronto Stock Exchange: CIGI) is one of the world's top real estate services and investment management companies, with offices in 68 countries around the world and more than 15,000 enterprising professionals. They work together to provide professional and efficient advice and services to create the maximum value of the property for real estate business users, owners and investors. For more than 20 years, an experienced leadership team (about 40% of the shares) has brought shareholders a return on investment leading the industry. In 2019, Colliers' corporate revenue reached US$3 billion (US$3.5 billion if included) and assets under management exceeded US$33 billion.
