hong kong office vacancy rate
Oversupply brings Hong Kong’s office vacancy rate to a record 14.7% in 2022
Oversupply brings Hong Kong’s office vacancy rate to a record 14.7% in 2022
There was over 4 million sq ft of new Grade A space in the market.
Hong Kong overall office vacancy rate hits 11.6% in November
The rise was driven by two new completions.
Hong Kong office vacancy rate hits 10.5% in September
This is due to new completions in the month.
Hong Kong Island office vacancy rate reaches 19-year high of 9.2% in July
It is the highest vacancy rate since 2003.
Hong Kong office vacancy rate up 0.4ppt to 11.12% in Q2
Net absorption was at -176,300sq ft as weak demand persists.
This Hong Kong submarket had the highest office vacancy rate in April
The vacancy rate for this submarket reached 12.8% last month.
Office vacancy rate in Hong Kong Central stable at 7.2% in March
Vacancy rates in Admiralty and Wan Chai were at 8.4% and 11.2%, respectively.
Hong Kong office vacancy rate drops to 9.1% in February
Kowloon East recorded the highest vacancy rate at 12.4%.
Hong Kong Island records office vacancy rate of 8.5% in January
Wan Chai had the highest vacancy rate of 11.8%
Hong Kong overall office vacancy rate down to 9.4% in January
Kowloon East still had the highest vacancy rate at 12.4%.
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 Grade A office rents to jump by 5-10% in 2022
The recentralisation trend is expected to underpin rental growth.
Hong Kong landlords start operating their own co-working spaces
Landlords had to become creative to meet their tenants' changing needs.
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