Rent in Beijing, Shanghai, and Shenzhen has been rising for three consecutive months, breaking away from the national trend.

Amidst the stabilization of the national rental market, first-tier cities are experiencing a different trend. In May this year, the average rent for ordinary residential properties in first-tier cities increased by 0.16% compared to the previous month, marking the third consecutive month of month-on-month growth. Compared to the same period last year, the average rent in first-tier cities increased by a slight 0.21% in the first five months of this year, ending two years of adjustments. Beijing, Shanghai, and Shenzhen have become the "leaders" in stabilizing the rental market in this round. Since the peak season for leasing in March this year, the rental prices for residential properties in these three cities have continued to rise. Leveraging high-quality industry resources and a young workforce, first-tier cities are leading the way in stabilizing the rental market fundamentals.