The average vacancy rate in Beijing's Grade A office market rose 0.6 percentage points quarter-to-quarter to 6.3 percent, driven by an abundant new supply in the second quarter of 2016, as reported on Thursday by Knight Frank LLP, a global property consultancy.

The report said Grade A monthly office rents averaged 378 yuan ($56.56) per square meter, an increase of 0.8 percent quarter-to- quarter.

In the latest quarter, companies from the fast-growing Internet and IT-related sectors were the anchor tenants for new leases and ­expansions, while demand from the finance sector remained stable, with major financial firms renewing their tenancy in prime sub-markets.

In contrast, lease demands from emerging financial companies such as peer-to-peer (P2P)platforms slowed down, due to stricter supervision from the government.

The average sale price of Grade A office properties increased by 1.6 percent quarter to quarter to 53,461 yuan per square meter, while the average Grade A office yield stabilized at 6.2 percent, the report noted.

In a report released by DTZ/Cushman & Wakefield on Thursday, it said in the second quarter in 2016, Beijing High-V Life Plaza added 63,000 square meters of new property to the Beijing retail market.

The total retail stock of Beijing rose to 9,130,000 square meters, among which, shopping centers accounted for about 80 percent of the total.