hong kong office leasing
What the rise of several core business districts means for Hong Kong
Different industries will dominate districts, creating sector-led hubs.
Hong Kong Island office rents slip 1.4% in October
Rents are expected to drop for the rest of the year.
These firms recently moved to higher quality offices in Hong Kong
Invesco relocated its headquarters to a 33,000sq ft lease in Jardine House.
Office leasing activity in Kowloon, Hong Kong to rebound by year-end
Leasing demand in July was focused on smaller transactions.
Hong Kong Island office vacancy rate reaches 19-year high of 9.2% in July
It is the highest vacancy rate since 2003.
Everything you need to know now about Hong Kong’s office leasing market
Mainland office demand slowed whilst medical groups expanded in fringe Central.
This is the prevailing trend in Kowloon’s office property market
Firms are after building upgrades and space optimisation.
Hong Kong office vacancy rate up 0.4ppt to 11.12% in Q2
Net absorption was at -176,300sq ft as weak demand persists.
Hong Kong Island records office vacancy rate of 8.5% in January
Wan Chai had the highest vacancy rate of 11.8%
Art dealers, crypto firms, coworking spaces drive Hong Kong office demand
Christie’s took around 50,000 sq ft in The Henderson in late 2021.
Hong Kong to see 4m sq ft of new office spaces this year
Rents will remain under pressure with a 15% decline expected over 2022.
Hong Kong overall office rents slip 0.5% in Q3
But rents in Central inched up 0.6%.
Hong Kong to see over 2.8m sq ft of new offices in the next two years
Central and Quarry Bay will be the main locations for these new office spaces.
Hong Kong Grade A office rents increase for the first time in over 2 years
Rents inched up 0.2% in October.
Hong Kong new office letting transactions drop 20% in October
Tenants in Kowloon are favouring lease renewals over relocations.
Hong Kong office net absorption finally rebounds after two years
Overall net absorption hit 70,900 sq feet in Q3 2021.
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