Commercial Office

Grade A offices rent fell 16% QoQ in Q3

Net absorption totalled 125,400 sq. ft., staying positive for a fifth consecutive quarter.

Grade A offices rents decrease by 6.5% in August

Office rents declined to HK$62.6 per sq ft. 

Grade A office market posts net absorption of 335,100 sq ft in August

It is the highest monthly net take-up level so far this year.

Hong Kong's most notable real estate agents under 40

Realtors in the office market are on top of the list, taking six spots.

Grade A office leasing stalls amidst economic woes

This exerts pressure on landlords to offer generous incentives. 

Grade A office rent drops 1.0%, vacancy up 16.6% in Q2

Grade A office vacancy has reached a record high of 13.8 million sq ft.

What hinders property market recovery in Hong Kong?

The office and residential markets continue to face downward pressure.

Grade A office leasing volume drops 27% QoQ in Q2

The decline was due to major relocations and new project completions.

Grade A office leasing surge 70% YoY in Q2

A total of 964,500 sq ft was leased during the period.

Hong Kong office rents fall amidst high vacancies

Increased competition and market vacancies drive rental prices down.

Swire Properties’ HK office occupancy holds steady at 93% in Q12024

It also maintained nearly full occupancy at its Pacific Place with 98%.

Hong Kong logs highest occupancy cost in APAC: Knight Frank

The occupancy cost in the city stood at $1,249.89 per square foot per year.

Prime office rentals in Hong Kong plunge 9.5% YoY in Q1 2024

Overall, the Asia-Pacific region's prime office rental market reported a 3.2% YoY decrease. Hong Kong's prime office market reported a 9.5% year-on...

Kowloon East leasing drives office market growth

The submarket recorded a net absorption of 289,700 sq ft.