Beijing
Beijing holds huge economic influence in China as well as the wider world and is home to as many Fortune Global 500 headquarters as anywhere else on the planet. It is also home to seven UNESCO World Heritage Sites, the Forbidden City, Temple of Heaven, Summer Palace, Ming Tombs, Zhoukoudian, Great Wall, and the Grand Canal. The centre of both business and culture, it is easy to see why both local and international companies want to set up a home in this capital city.
The location
Located at the northern edge of the North China Plain and surrounded by mountains to the west, northwest and north, Beijing is broken down into a number of districts.
The main districts of the city are:
- City Centre: Dongchen District and Xicheng District
- Inner Suburbs: Chaoyang District, Haidian District, Fengtai District and Shijngshan District
- Outer Suburbs: Mentougou District, Fangshan District, Tongzhou District, Shunyi District, Changping District and Daxing District
Neighbouring areas - price comparisons, per person per month
| The prices given below are the minimum to maximum average cost for serviced offices, per person per month, derived from our Sales Team's knowledge. |
| Area | Indicative price range |
|---|---|
| Beijing |
RMB4,000 - 8,000 |
| Shanghai | RMB2,500 - 6000 |
| Hong Kong | RMB2,800 - 12,000 |
| Singapore | RMB2,750 - 7,000 |
| Tokyo | RMB3,000 - 6,000 |
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Looking for an office in Beijing
As one of the most business-active cities in Asia and one of the most popular international cities in the world, our specialist local consultant Betty Chen stresses the importance of a good location.
As such, she recommends the diverse Chaoyang District for businesses looking to move into Beijing, — there are many options to suit all business requirements, and the benefits of being close to, or in the heart of the CBD are substantial.
Costs
The office market in Beijing remains healthy with high rental levels and we deal with enquiries from local companies and international companies alike.
However, when looking at serviced offices keep in mind that these costs usually cover a variety of amenities and as such can offer great value for money.
Office sizes
Serviced office providers in Beijing supply a wide range of solutions and sizes of space ranging from single workstations up to entire suites that easily house up to 20+ employees.
Instant Offices are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics.
Why choose Beijing?
Beijing is not only home to the majority of China’s major state-owned companies, it is also a hub for large international companies looking for a presence in China and the wider Asian market.
With impressive high-speed rail networks, and major road expressways linking the city to the rest of China as well as one of the largest airports in the world, it has the infrastructure to provide a great base for any business.
Add on top of this the vast historical and cultural importance of the city and it is clear why it is such a popular option for companies looking for a new home.
Five things that you probably didn't know about Beijing:
- The literal translation of Beijing is ‘Northern Capital’
- Shared by around 11% of Beijing’s population, Wang is the most common surname
- The Beijing Capital International Airport is the busiest in Asia
- Beijing hosted the most expensive Olympic Games in history in 2008; the estimated total cost was north of USD 40 billion
- One of the most visited sites in the world, The Forbidden City consists of 980 buildings that cover 720,000 square metres (7,800,000 sq. ft.)
A closer look at Beijing
Business in Beijing is centred in and around six major zones.
Zhongguancun
- China’s answer to Silicon Valley, is home to easily the most companies of any of the six major areas of business
- It is home to established technology giants as well as start-ups
- Zhongguancun can be found in the Haidan District and its proximity to Peking University and Tsinghua University (two of China’s most prestigious universities), along with the Chinese Academy of Sciences allows companies to recruit some of the brightest talent in the world
- Since Beijing hosted the 2008 Summer Olympics this area has developed into not only a major centre for sporting events and entertainment but also a hub of tourism and business conventions
- It is home to the China National Convention Centre that covers an area of 270,000m²
Beijing Airport Economic Zone
- Centred around Beijing Capital International Airport
- One of the busiest airports in the world in terms of passenger traffic, this zone serves not only as a headquarters for various airline services, trading firms and logistics companies, but also the majority of assembly plants for the city’s automobile industry
Beijing Economic-Technological Development Area
- Also known as Yizhuang, this town is located in the south-eastern suburbs of Beijing
- Provides a base for a number of high-tech research centres, engineering companies as well as being a hub for businesses involved in pharmaceuticals
Beijing Financial Street
- Located in Xicheng District, this street is lined with the majority of the headquarters of the large state banks, financial services and insurance companies
- Although Beijing does not include a stock exchange (the major exchanges are located in Shenzhen and Shanghai) this area is gaining more international notoriety and helping Beijing to rival Shanghai as the country’s most important financial centre
- This 40-block area houses over 1,500 financial institutions including major local organisations such as People’s Bank of China and China Construction Bank, as well as a number of major international players including Goldman Sachs, Bank of America and UBS to name just a few
Beijing Central Business District (CBD)
- Located on the east side of the city centre in the Chaoyang District, the CBD is a hub of activity for a broad variety of companies from varying industries
- Along with Beijing Financial Street, it is a core of financial activity and hosts major organisations from business services, media, information technology and consulting services sectors
- It is home to some of the largest skyscrapers in Beijing including China World Trade Center Tower III, Beijing TV Centre and CCTV Headquarters, a distinctive landmark building that serves as a home to China Central Television
*Last updated on 1 July 2015
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.
Email our team or call us and we'll be delighted to help you.