RH-BJ-2025

Beijing Rental Housing Market: 2021–2025 Evolution and 2025 Review

北京住房租賃市場：2021—2025年演進與2025年深度觀察

Beijing rental housing market research, 2021–2025: Executive Summary, Research Scope and EILT Model; Policy Evolution and Operating Implications; Market Scale and Product Supply; Rent, Occupancy and Demand Anchors; Capital Markets, Risks and Recommendations.

Key findings

1. Monitored supply reached approximately 144,900 units in 2025, up by about 30,700 from 2024.
2. Rental communities accounted for approximately 65,800 units, or 45.4% of supply, while young professional apartments represented about 57,600 units, or 39.7%.
3. EILT Level 3 and Level 4 areas contained approximately 117,800 units, or 81.3% of supply.
4. Average daily rent was RMB 4.90 per sq m in 2025, with an occupancy rate of 87.22%.
5. By the end of 2023, Beijing had supplied 79 rental-housing projects on collectively owned land.
6. Average daily rent per sq m fell by about 7.2% from 2024 as new supply, product mix and price competition reduced the citywide average.

What's inside

1. Executive Summary, Research Scope and EILT Model04—07
2. Policy Evolution and Operating Implications08—17
3. Market Scale and Product Supply18—33
4. Rent, Occupancy and Demand Anchors34—46
5. Capital Markets, Risks and Recommendations47—51

Who it is for

• institutional investors evaluating entry into Beijing rental housing market
• real estate developers and operators focusing on rental communities
• asset managers and REIT sponsors seeking compliant assets
• government policy analysts and urban planners