Figure 3: Beijing Contracted and Utilised FDI (2009 to 2014)
Source: Beijing Statistics Bureau
2. Supply
Beijing’s current business park sector is generally considered to be
divided into three major submarkets, and three secondary areas.
The key business park areas are Shangdi (
上地
) Area, Wangjing
Area (
望京
), and Beijing Economic and Development Area (BDA,
北京经济技术开发区
区
). The other submarkets are Tongzhou Area
(
通州
), Airport Zone (
天竺空港工业区
) and Fengtai Area (
丰台
).
Shangdi (an extension of the Zhongguancun area) and Wangjing
are considered the prime business park locations in Beijing. BDA
is the most established, however some of the business park stock
is now quite aged. Airport and Tongzhou areas are emerging
business park locations.
Map 1: Beijing Business Park Areas
Source: Colliers International
By Gross Floor Area (“GFA”), Beijing’s business park market
supply has expanded by approximately 47.8 percent from 1.3
million square metres in 2008 to approximately 2.0 million
square metres by the end of 2014. The figure of total supply
does not include self-occupied properties.
The supply of business park space in Beijing is expected to expand
31%over the next three years. About 300,000 squaremetres of new
business park GFA is scheduled for completion in 2015, 150,000
square metres in 2016 and a further 150,000 square metres in
2017. They are mainly located in the Shangdi and Daxing district.
To satisfy expected future demand, the pace of supply is expected
to pick up as well. Most of the new supply will be located in Shangdi
and Daxing district due to university and R&D technology cluster
and sufficient supply of available land respectively. In Wangjing, this
will be limited by land availability. In addition, the Airport, Fengtai
and Tongzhou area have emerged as future business park markets.
Figure 4: Beijing Business Parks Existing Stock
and New Supply (2008 to 2017F)
Source: Colliers International
Table 1: Beijing Business Parks Future Supply (2015 to 2017)
Year Projects
District Current
Status
Leasing
GFA
(sq m)
2015 Beijing Innovation
Base of Dynamic
Economy Phase I
Daxing for Lease 150,000
Dongsheng
Technology Park
Shangdi
for Lease 150,000
Sub-Total
300,000
2016 Dongsheng
Technology Park
Shangdi
for Lease 150,000
Sub-Total
150,000
2017 Dongsheng
Technology Park
Shangdi
for Lease 150,000
Sub-Total
150,000
Total
600,000
Source: Colliers International
*The future supply is outlined according to known developers’ schedules.
These however are subject to change and projects often slip from year to year.
5.1
6.1
Thousand square metres
Utilised FDI
Contracted FDI
40
25%
-5%
5%
15%
0%
10%
20%
30
20
10
0
2007
2008
2010
2012
2009
2011
2013
2014
11.3% 19.9% 0.7% 3.9% 10.8% 14.0%
6.1%
6.0%
Growth of the Utilised FDI
6.1
8.3
6.4
8.5 7.1
8.0
8.5
9.0
35.7
11.1
11.4
11.3
1,270
59
1,556
203
1,329
1,759
98
1,329
123
1,857
106
1,451
105
1,963
300
2,263
150
2,413
150
3,000
2,500
2,000
1,500
1,000
500
0
2008
2010
2012
2009
2011
2013
2015F
2014
2016F
2017F
Thousand square metres
Existing Supply
New Supply
74 75
