Hong Kong industrial rents to decline by up to 10% in 2025

Rental concessions from landlords are expected to continue.

The Hong Kong industrial market conditions are expected to remain soft through year-end, according to a recent report released by Colliers. Container throughput fell 3.8% YoY for the first eight months, signalling limited prospects for large-scale expansion.

Here’s more from Colliers:

Landlords are likely to maintain rental concessions, and industrial rents are projected to decline by around 10% by the end of 2025.

On the policy front, the government withdrew tenders for two multi-storey building sites in July under the Northern Metropolis plan.

In addition, the 2025 Policy Address announced a new round of revitalisation studies for industrial buildings, starting this year with recommendations due in 2026, reinforcing a long-term restructuring focus rather than nearterm supply growth.