Wangjing's tenant base is anchored by tech, automotive (mercedes-benz), korean and japanese multinationals, r&d.

  • Tier: prime.
  • Tenant character: International HQ and Korean business cluster.
  • Average rent: ¥240/sqm/mo · ≈ $37.2 PSF/yr USD.

Wangjing, Beijing tenant profile

Wangjing's tenant base is anchored by tech, automotive (mercedes-benz), korean and japanese multinationals, r&d.

TL;DR

  • Tier: prime.
  • Tenant character: International HQ and Korean business cluster.
  • Average rent: ¥240/sqm/mo · ≈ $37.2 PSF/yr USD.

Who clusters here

Tech, automotive (Mercedes-Benz), Korean and Japanese multinationals, R&D.

What that means for newcomers

Newcomers to Wangjing should expect peer-tenant scrutiny: covenant strength, brand fit, and signage standards are watched closely. Lease-up product underwrites by anchor tenant; secondary tenants typically benefit from anchor halo.

Key facts

cityBeijing
submarketWangjing
tierprime
averageRentLocal¥240/sqm/mo · ≈ $37.2 PSF/yr USD
cityClassARentUsd$50/sqft/yr
cityVacancyPct18.5%

Frequently asked questions

What kind of tenants lease in Wangjing?
Tech, automotive (Mercedes-Benz), Korean and Japanese multinationals, R&D.

Related

Editorial provenance

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

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