Greater contradiction and conflict among urban green space, the development of social economy and the environment have occurred in Beijing. However, few studies have been conducted that consider the three subsystems as a whole. In this study, we defined sustainable development of green space (SDGS) as the coordinated development of the urban green system, social economy, and environment. Based on the datasets from 2000 to 2015, we forecast the SDGS in Beijing under multiple scenarios based on real-world policies using a system dynamics model. We found that the historical SDGS value increased to its highest level in 2012, but declined slightly by 2015. Second, the forecasted SDGS values declined over time in all scenarios, but the decline was greater in scenarios placing a high priority on economic development. In these scenarios, the performance of the indices only improved in certain subsystems. The simulation shows the implementation of the four policies proposed by the government failed to improve the overall level of SDGS in Beijing. This study could provide support for decision-making designed to improve the overall condition of urban green space in Beijing through integrated forecast and scenario simulation.