2011年我国宏观经济增长放缓；房地产市场受严厉政策调控，成交量萎缩，成交价格下跌；商业地产短期结构性需求旺盛，长期发展平稳。房地产市场整体景气程度下降，土地交易冷清；开发投资增速放缓，开发资金依赖自筹；房屋新开工面积增速回落，商品房销售减速；二手房成交量萎缩；办公楼销售加速、租金再创新高。办公楼市场具有明显区域特征，一线城市普遍快速上涨。2012年房地产总体下行趋势将延续，商业地产短期上升可期，长期增长平稳。投资商业地产的过程中应关注四类风险。
In 2011 China's economic growth slowed down, and the risk of the economic operation increased. The real estate market was subject to stringent regulation and control policies, resulting in the fall of both volume and prices. Strong demands for commercial real estate will continue in the short term. Judging from current situation, commercial real estate will maintain long-term development. The real estate market became less active, and land turnover rate decreased. The base of real estate investment is high, so the room for growth is limited. Financing relied on the enterprise itself. The growth of new housing construction declined, and the growth of sales fell. The volume of second-hand housing reduced. Office sales accelerated, and rent increased, especially in first-tier cities. The downward trend of real estate industry will continue in 2012, and investment opportunities exist in commercial real estate area. Yet it is suggested to pay attention to four types of risks.
